Cott Corp. (COT) Price Target Lowered to $18.00 at BMO Capital Markets
Cott Corp. (NYSE:COT) had its price target decreased by investment analysts at BMO Capital Markets to $18.00 in a report issued on Monday. BMO Capital Markets’ target price would suggest a potential upside of 33.63% from the stock’s current price.
A number of other brokerages have also commented on COT. Credit Suisse Group AG set a $19.00 price target on shares of Cott Corp. and gave the stock a “buy” rating in a report on Friday, August 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $20.00 target price on shares of Cott Corp. in a report on Friday, August 5th. Deutsche Bank AG boosted their target price on shares of Cott Corp. from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 5th. Stifel Nicolaus upgraded shares of Cott Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Finally, Jefferies Group restated a “hold” rating on shares of Cott Corp. in a report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cott Corp. has a consensus rating of “Buy” and an average price target of $17.73.
Cott Corp. (NYSE:COT) traded down 0.482% during trading on Monday, reaching $13.415. The company’s stock had a trading volume of 622,670 shares. The stock’s 50-day moving average is $14.85 and its 200 day moving average is $14.76. Cott Corp. has a 12 month low of $8.96 and a 12 month high of $17.38. The company has a market cap of $1.85 billion, a P/E ratio of 353.026 and a beta of 0.59.
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Cott Corp. (NYSE:COT) last issued 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. The business had revenue of $765 million for the quarter, compared to analyst estimates of $766.83 million. Cott Corp. had a return on equity of 4.53% and a net margin of 0.20%. Cott Corp.’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities analysts forecast that Cott Corp. will post $0.24 EPS for the current fiscal year.
In other news, CEO Jeremy S. G. Fowden sold 148,515 shares of the business’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 sale, the chief executive officer now directly owns 892,500 shares of the company’s stock, valued at $15,252,825. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric Rosenfeld sold 19,582 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $17.07, for a total transaction of $334,264.74. Following the sale, the director now directly owns 390,065 shares of the company’s stock, valued at $6,658,409.55. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.
Large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Cott Corp. by 469.5% in the first quarter. Royal Bank of Canada now owns 4,045,311 shares of the company’s stock valued at $56,190,000 after buying an additional 3,335,039 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in Cott Corp. during the first quarter valued at approximately $1,031,000. Renaissance Technologies LLC increased its stake in 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 last quarter. HBK Investments L P acquired a new stake in Cott Corp. during the first quarter valued at approximately $1,168,000. Finally, Bogle Investment Management L P DE acquired a new stake in Cott Corp. during the first quarter valued at approximately $3,610,000.
Cott Corp. Company Profile
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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