Cott Corp. (NYSE:COT) Receives Average Rating of “Buy” from Analysts
Shares of Cott Corp. (NYSE:COT) have been given an average rating of “Buy” by the thirteen ratings firms that are currently covering the company. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.89.
A number of research analysts have commented on COT shares. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price target on shares of Cott Corp. in a research note on Wednesday, August 24th. Credit Suisse Group AG set a $19.00 price objective on Cott Corp. and gave the stock a “buy” rating in a research report on Friday, August 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price objective on shares of Cott Corp. in a research report on Wednesday, June 29th. TheStreet lowered Cott Corp. from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Deutsche Bank AG upped their price objective on Cott Corp. from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, August 5th.
Cott Corp. (NYSE:COT) traded down 1.22% during mid-day trading on Friday, hitting $13.77. The stock had a trading volume of 281,308 shares. The stock has a market cap of $1.90 billion, a P/E ratio of 362.37 and a beta of 0.59. Cott Corp. has a 52-week low of $8.96 and a 52-week high of $17.38. The firm has a 50-day moving average of $15.34 and a 200-day moving average of $14.74.
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Cott Corp. (NYSE:COT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. Cott Corp. had a return on equity of 4.53% and a net margin of 0.20%. The firm had revenue of $765 million for the quarter, compared to analyst estimates of $766.83 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts forecast that Cott Corp. will post $0.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Thursday, August 25th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Tuesday, August 23rd. Cott Corp.’s dividend payout ratio (DPR) is presently 800.27%.
In other news, Director Eric Rosenfeld sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $425,000.00. Following the transaction, the director now owns 465,065 shares of the company’s stock, valued at approximately $7,906,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy S. G. Fowden sold 148,515 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $17.09, for a total transaction of $2,538,121.35. Following the completion of the transaction, the chief executive officer now directly owns 892,500 shares in the company, valued at approximately $15,252,825. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of Cott Corp. by 1.7% in the second quarter. FMR LLC now owns 9,271,265 shares of the company’s stock valued at $129,602,000 after buying an additional 158,643 shares during the period. Royal Bank of Canada raised its position in shares of Cott Corp. by 77.7% in the second quarter. Royal Bank of Canada now owns 7,187,739 shares of the company’s stock valued at $100,341,000 after buying an additional 3,142,428 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Cott Corp. during the second quarter valued at about $74,415,000. Renaissance Technologies LLC raised its position in shares of Cott Corp. by 19.2% in the first quarter. Renaissance Technologies LLC now owns 3,403,900 shares of the company’s stock valued at $47,286,000 after buying an additional 548,100 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of Cott Corp. by 47.1% in the second quarter. TD Asset Management Inc. now owns 2,444,102 shares of the company’s stock valued at $33,989,000 after buying an additional 782,513 shares during the period.
About Cott Corp.
Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through four segments: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.
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