Cott (COT) Given a $18.50 Price Target at Scotiabank
Cott (NYSE:COT) (TSE:BCB) received a $18.50 price target from investment analysts at Scotiabank in a research note issued to investors on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 12.80% from the stock’s current price.
A number of other research analysts also recently weighed in on COT. Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Credit Suisse Group upped their price objective on shares of Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Cott in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cott currently has a consensus rating of “Hold” and a consensus price target of $17.25.
Cott (COT) traded down $0.35 during mid-day trading on Tuesday, hitting $16.40. The stock had a trading volume of 1,096,300 shares, compared to its average volume of 905,530. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.01. The firm has a market cap of $2,270.00, a P/E ratio of -23.43 and a beta of 0.86. Cott has a one year low of $10.34 and a one year high of $17.77.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The company had revenue of $995.00 million during the quarter, compared to analyst estimates of $1.01 billion. Cott had a negative net margin of 2.86% and a positive return on equity of 0.09%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. analysts predict that Cott will post 0.03 EPS for the current year.
In other Cott news, Director Gregory R. Monahan sold 7,500 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.10, for a total transaction of $128,250.00. Following the completion of the transaction, the director now owns 102,666 shares in the company, valued at approximately $1,755,588.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.06% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in COT. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Cott in the 2nd quarter valued at about $21,543,000. Balyasny Asset Management LLC bought a new position in shares of Cott in the 2nd quarter valued at about $11,876,000. Lord Abbett & CO. LLC grew its holdings in shares of Cott by 61.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock valued at $22,331,000 after acquiring an additional 588,620 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Cott by 39.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,511,680 shares of the company’s stock valued at $21,829,000 after acquiring an additional 430,950 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Cott by 131.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 630,408 shares of the company’s stock valued at $9,103,000 after acquiring an additional 357,794 shares in the last quarter.
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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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