Cott Corporation’s (COT) Buy Rating Reaffirmed at Royal Bank Of Canada
Cott Corporation (NYSE:COT) (TSE:BCB)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Friday. They currently have a $20.00 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 30.80% from the stock’s current price.
COT has been the topic of a number of other reports. BMO Capital Markets restated a “buy” rating and set a $17.00 price target on shares of Cott Corporation in a research note on Thursday, July 27th. ValuEngine upgraded Cott Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC restated a “hold” rating and set a $14.00 price target (up from $13.50) on shares of Cott Corporation in a research note on Monday, June 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $12.00 price target on shares of Cott Corporation in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cott Corporation presently has a consensus rating of “Hold” and an average target price of $16.75.
Shares of Cott Corporation (NYSE COT) traded up 0.39% during midday trading on Friday, reaching $15.29. The company’s stock had a trading volume of 1,043,461 shares. The stock’s 50-day moving average is $15.41 and its 200-day moving average is $13.72. Cott Corporation has a one year low of $10.10 and a one year high of $16.18. The company’s market capitalization is $2.13 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities analysts expect that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
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In other news, CAO Jason R. Ausher sold 5,800 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $15.35, for a total value of $89,030.00. Following the sale, the chief accounting officer now directly owns 20,770 shares in the company, valued at $318,819.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory R. Monahan sold 8,500 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total value of $130,050.00. Following the completion of the sale, the director now owns 115,666 shares in the company, valued at $1,769,689.80. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Trading LLC raised its stake in shares of Cott Corporation by 203.8% in the second quarter. Walleye Trading LLC now owns 7,900 shares of the company’s stock valued at $110,000 after acquiring an additional 5,300 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Cott Corporation by 46.8% in the third quarter. Acrospire Investment Management LLC now owns 8,159 shares of the company’s stock valued at $116,000 after acquiring an additional 2,600 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Cott Corporation by 61.1% in the first quarter. Legal & General Group Plc now owns 8,702 shares of the company’s stock valued at $121,000 after acquiring an additional 3,300 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Cott Corporation in the second quarter valued at $142,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Cott Corporation in the second quarter valued at $145,000.
About Cott Corporation
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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