Cott Corp. (NYSE:COT) Receives Average Rating of “Buy” from Analysts
Cott Corp. (NYSE:COT) has been assigned an average rating of “Buy” from the thirteen analysts that are presently covering the firm. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.89.
Several research firms recently weighed in on COT. Credit Suisse Group AG set a $19.00 target price on shares of Cott Corp. and gave the company a “buy” rating in a report on Friday, August 19th. Jefferies Group lifted their target price on shares of Cott Corp. from $15.50 to $17.50 and gave the company a “hold” rating in a report on Friday, August 19th. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 target price on shares of Cott Corp. in a report on Wednesday, August 24th. JPMorgan Chase & Co. began coverage on shares of Cott Corp. in a report on Thursday, June 9th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, Deutsche Bank AG lifted their target price on shares of Cott Corp. from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 5th.
In related news, Director Eric Rosenfeld sold 55,418 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $17.04, for a total transaction of $944,322.72. Following the completion of the sale, the director now owns 418,247 shares of the company’s stock, valued at $7,126,928.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy S. G. Fowden sold 148,515 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $17.09, for a total transaction of $2,538,121.35. Following the sale, the chief executive officer now directly owns 892,500 shares of the company’s stock, valued at approximately $15,252,825. The disclosure for this sale can be found here. Corporate insiders own 2.19% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. First Mercantile Trust Co. purchased a new stake in Cott Corp. during the third quarter valued at $321,000. KAMES CAPITAL plc purchased a new stake in Cott Corp. during the second quarter valued at $1,093,000. Tobam boosted its stake in Cott Corp. by 210.4% in the second quarter. Tobam now owns 233,100 shares of the company’s stock valued at $3,242,000 after buying an additional 158,000 shares in the last quarter. Royal Bank of Canada boosted its stake in Cott Corp. by 77.7% in the second quarter. Royal Bank of Canada now owns 7,187,739 shares of the company’s stock valued at $100,341,000 after buying an additional 3,142,428 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Cott Corp. by 6.8% in the second quarter. Hillsdale Investment Management Inc. now owns 536,600 shares of the company’s stock valued at $7,493,000 after buying an additional 34,000 shares in the last quarter.
Cott Corp. (NYSE:COT) traded down 1.22% during trading on Friday, reaching $13.77. 281,308 shares of the company’s stock traded hands. Cott Corp. has a 1-year low of $8.96 and a 1-year high of $17.38. The stock has a 50-day moving average price of $15.34 and a 200 day moving average price of $14.74. The stock has a market capitalization of $1.90 billion, a P/E ratio of 362.37 and a beta of 0.59.
Cott Corp. (NYSE:COT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. The company earned $765 million during the quarter, compared to analyst estimates of $766.83 million. Cott Corp. had a net margin of 0.20% and a return on equity of 4.53%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. Equities research analysts expect that Cott Corp. will post $0.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Thursday, August 25th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.72%. Cott Corp.’s dividend payout ratio is 800.27%.
Cott Corp. Company Profile
Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through four segments: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.
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