Cott Corporation (COT) Given Average Rating of “Buy” by Analysts
Cott Corporation (NYSE:COT) (TSE:BCB) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Four 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 objective among brokers that have issued a report on the stock in the last year is $16.85.
COT has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Cott Corporation in a research note on Monday, July 10th. Zacks Investment Research raised Cott Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price objective on shares of Cott Corporation in a research note on Thursday, July 27th. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC increased their price objective on Cott Corporation from $14.00 to $14.25 and gave the stock a “hold” rating in a research note on Thursday, July 6th.
In related news, Director Gregory R. Monahan sold 8,500 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $15.30, for a total transaction of $130,050.00. Following the completion of the sale, the director now directly owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jason R. Ausher sold 5,800 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were 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 of the company’s stock, valued at $318,819.50. The disclosure for this sale can be found here. Company insiders own 2.06% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new stake in shares of Cott Corporation during the second quarter valued at approximately $145,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Cott Corporation during the first quarter valued at approximately $180,000. Pacad Investment Ltd. purchased a new stake in shares of Cott Corporation during the second quarter valued at approximately $181,000. Neuberger Berman Group LLC purchased a new stake in shares of Cott Corporation during the first quarter valued at approximately $182,000. Finally, Jane Street Group LLC purchased a new stake in shares of Cott Corporation during the first quarter valued at approximately $196,000.
Shares of Cott Corporation (NYSE COT) opened at 15.19 on Wednesday. The company’s market cap is $2.11 billion. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $16.18. The company has a 50 day moving average of $15.23 and a 200-day moving average of $14.21.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.10). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. On average, equities research analysts expect that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
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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