Cott Corporation (NYSE:COT) (TSE:BCB) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.85.
Several equities analysts recently commented on the stock. Stifel Nicolaus restated a “hold” rating and issued a $12.00 price target on shares of Cott Corporation in a research note on Tuesday, July 25th. BMO Capital Markets upgraded shares of Cott Corporation from a “market perform” rating to an “outperform” rating and upped their price target 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 upped their price target on shares of Cott Corporation from $14.00 to $14.25 and gave the company a “hold” rating in a research note on Thursday, July 6th. ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $20.00 price target on shares of Cott Corporation in a research note on Friday.
Cott Corporation (COT) traded down 2.23% during trading on Friday, hitting $14.94. 668,076 shares of the stock were exchanged. The firm has a 50-day moving average of $15.40 and a 200-day moving average of $13.83. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $16.18. The stock’s market capitalization is $2.08 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Cott Corporation’s revenue for the quarter was up 32.5% on a year-over-year basis. Equities research analysts anticipate that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. Cott Corporation’s dividend payout ratio (DPR) is presently -23.30%.
In related news, CAO Jason R. Ausher sold 5,800 shares of the company’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 completion of the sale, the chief accounting officer now owns 20,770 shares of the company’s stock, valued at $318,819.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Monahan sold 8,500 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $15.30, for a total transaction of $130,050.00. Following the sale, the director now directly owns 115,666 shares of the company’s stock, valued at approximately $1,769,689.80. The disclosure for this sale can be found here. Corporate insiders own 2.06% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of COT. First Mercantile Trust Co. bought a new stake in Cott Corporation during the second quarter worth about $145,000. Teza Capital Management LLC bought a new stake in Cott Corporation during the first quarter worth about $177,000. Parametric Portfolio Associates LLC bought a new stake in Cott Corporation during the first quarter worth about $180,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cott Corporation by 92.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock worth $180,000 after purchasing an additional 7,000 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in Cott Corporation during the second quarter worth about $181,000.
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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