Cott Corporation (COT) Receives $16.85 Consensus Price Target from Brokerages

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.

TRADEMARK VIOLATION NOTICE: “Cott Corporation (COT) Receives $16.85 Consensus Price Target from Brokerages” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/19/cott-corporation-cot-receives-16-85-consensus-price-target-from-brokerages.html.

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.

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