Cott Corporation (COT) Receives Consensus Rating of “Hold” from Brokerages
Cott Corporation (NYSE:COT) (TSE:BCB) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.85.
A number of research firms have weighed in on COT. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Cott Corporation in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Cott Corporation in a research note on Tuesday, July 25th. BMO Capital Markets raised shares of Cott Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $17.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.50 price objective on shares of Cott Corporation in a research note on Friday, May 19th. Finally, ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
In related news, CAO Jason R. Ausher sold 5,800 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $15.35, for a total transaction of $89,030.00. Following the transaction, the chief accounting officer now directly owns 20,770 shares of the company’s stock, valued at $318,819.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory R. Monahan sold 8,500 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $15.30, for a total transaction of $130,050.00. Following the transaction, the director now directly 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 owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new position in shares of Cott Corporation during the second quarter valued at about $145,000. Teza Capital Management LLC bought a new position in shares of Cott Corporation during the first quarter valued at about $177,000. Parametric Portfolio Associates LLC bought a new position in shares of Cott Corporation during the first quarter valued at about $180,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cott Corporation by 92.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Cott Corporation during the second quarter valued at about $181,000.
Shares of Cott Corporation (NYSE COT) opened at 15.29 on Friday. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $16.18. The company’s market capitalization is $2.13 billion. The firm’s 50-day moving average is $15.40 and its 200 day moving average is $13.75.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. Equities research analysts predict that Cott Corporation will post ($0.01) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, August 21st. Cott Corporation’s payout ratio is currently -23.30%.
Cott Corporation Company Profile
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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