Cott Corporation (COT) Receives Outperform Rating from BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Cott Corporation (NYSE:COT) (TSE:BCB) in a report released on Tuesday.

COT has been the subject of a number of other reports. Jefferies Group LLC restated a hold rating and issued a $13.50 target price on shares of Cott Corporation in a research report on Friday, May 19th. Royal Bank Of Canada reiterated an outperform rating and set a $20.00 price objective on shares of Cott Corporation in a research report on Monday, July 10th. ValuEngine upgraded Cott Corporation from a sell rating to a hold rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a hold rating and set a $12.00 price objective on shares of Cott Corporation in a research report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $16.75.

Cott Corporation (COT) opened at 15.29 on Tuesday. Cott Corporation has a one year low of $10.10 and a one year high of $16.18. The firm’s market capitalization is $2.13 billion. The company’s 50-day moving average price is $15.40 and its 200 day moving average price is $13.75.

Cott Corporation (NYSE:COT) (TSE:BCB) last released its earnings results 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). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, analysts forecast that Cott Corporation will post ($0.01) earnings per share for the current year.

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

In other news, Director Gregory R. Monahan sold 8,500 shares of the company’s 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 directly owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jason R. Ausher sold 5,800 shares of the company’s 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 directly owns 20,770 shares in the company, valued at $318,819.50. The disclosure for this sale can be found here. 2.06% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. acquired a new position in shares of Cott Corporation in the second quarter worth $145,000. Pacad Investment Ltd. acquired a new position in shares of Cott Corporation in the second quarter worth $181,000. Verition Fund Management LLC acquired a new position in shares of Cott Corporation in the second quarter worth $200,000. Teza Capital Management LLC acquired a new position in shares of Cott Corporation in the first quarter worth $177,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Cott Corporation in the first quarter worth $180,000.

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)

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