Cott Corporation (COT) Given Buy Rating at Royal Bank Of Canada

Royal Bank Of Canada reissued their buy rating on shares of Cott Corporation (NYSE:COT) (TSE:BCB) in a report published on Friday. The firm currently has a $20.00 target price on the stock.

COT has been the subject of several other research reports. BMO Capital Markets reaffirmed 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 shares of Cott Corporation from a sell rating to a hold rating in a research note on Tuesday, June 27th. Jefferies Group LLC reaffirmed a hold rating and issued a $14.00 price objective (up previously from $13.50) on shares of Cott Corporation in a research note on Monday, June 12th. Finally, 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cott Corporation currently has an average rating of Hold and an average price target of $16.75.

Shares of Cott Corporation (NYSE:COT) traded up 0.39% during mid-day trading on Friday, reaching $15.29. The company had a trading volume of 1,043,461 shares. Cott Corporation has a 52-week low of $10.10 and a 52-week high of $16.18. The company’s 50-day moving average is $15.40 and its 200 day moving average is $13.75. The stock’s market capitalization is $2.13 billion.

Cott Corporation (NYSE:COT) (TSE:BCB) last issued its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Analysts anticipate that Cott Corporation will post ($0.01) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/09/16/cott-corporation-cot-given-buy-rating-at-royal-bank-of-canada.html.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, August 21st. Cott Corporation’s payout ratio is presently -23.30%.

In related news, Director Gregory R. Monahan sold 8,500 shares of Cott Corporation 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 transaction, the director now owns 115,666 shares in the company, valued at approximately $1,769,689.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jason R. Ausher sold 5,800 shares of Cott Corporation stock in a transaction on Friday, September 8th. The stock was sold at an average price of $15.35, for a total transaction of $89,030.00. Following the completion of the transaction, the chief accounting officer now owns 20,770 shares in the company, valued at approximately $318,819.50. The disclosure for this sale can be found here. Company insiders own 2.06% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in COT. FMR LLC raised its holdings in Cott Corporation by 36.2% in the 1st quarter. FMR LLC now owns 9,745,914 shares of the company’s stock worth $120,628,000 after acquiring an additional 2,591,155 shares during the period. Alliancebernstein L.P. raised its holdings in Cott Corporation by 157.3% in the 2nd quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock worth $58,889,000 after acquiring an additional 2,493,378 shares during the period. Clearfield Capital Management LP bought a new position in Cott Corporation in the 1st quarter worth $19,174,000. Cramer Rosenthal Mcglynn LLC bought a new position in Cott Corporation in the 2nd quarter worth $21,543,000. Finally, Thrivent Financial For Lutherans bought a new position in Cott Corporation in the 1st quarter worth $13,358,000.

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.

Analyst Recommendations for Cott Corporation (NYSE:COT)

Receive News & Ratings for Cott Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply