BMO Capital Markets Cuts Cott Corp. (COT) Price Target to $18.00
Cott Corp. (NYSE:COT) had its price objective reduced by investment analysts at BMO Capital Markets to $18.00 in a research note issued on Monday. BMO Capital Markets’ target price suggests a potential upside of 33.63% from the company’s previous close.
COT has been the subject of several other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Cott Corp. in a report on Wednesday, August 24th. Credit Suisse Group AG set a $19.00 price objective on shares of Cott Corp. and gave the company a “buy” rating in a report on Friday, August 19th. TheStreet lowered shares of Cott Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price objective on shares of Cott Corp. in a report on Wednesday, June 29th. Finally, Deutsche Bank AG increased their price objective 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Cott Corp. has a consensus rating of “Buy” and an average price target of $17.73.
Cott Corp. (NYSE:COT) traded down 0.74% during midday trading on Monday, reaching $13.38. 451,353 shares of the company were exchanged. The company has a 50-day moving average of $14.85 and a 200 day moving average of $14.76. Cott Corp. has a 52 week low of $8.96 and a 52 week high of $17.38. The firm has a market capitalization of $1.84 billion, a PE ratio of 352.11 and a beta of 0.59.
Cott Corp. (NYSE:COT) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm earned $765 million during the quarter, compared to analysts’ expectations of $766.83 million. Cott Corp. had a return on equity of 4.53% and a net margin of 0.20%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. Equities analysts predict that Cott Corp. will post $0.24 earnings per share for the current year.
In related news, CEO Jeremy S. G. Fowden sold 148,515 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $17.09, for a total value of $2,538,121.35. Following the completion of the sale, the chief executive officer now directly owns 892,500 shares in the company, valued at $15,252,825. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eric Rosenfeld sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $17.00, for a total value of $425,000.00. Following the completion of the sale, the director now owns 465,065 shares of the company’s stock, valued at $7,906,105. The disclosure for this sale can be found here. 2.19% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Walleye Trading LLC increased its stake in shares of Cott Corp. by 203.8% in the second quarter. Walleye Trading LLC now owns 7,900 shares of the company’s stock worth $110,000 after buying an additional 5,300 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Cott Corp. during the second quarter worth about $142,000. Massachusetts Financial Services Co. MA increased its stake in shares of Cott Corp. by 4.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,514 shares of the company’s stock worth $147,000 after buying an additional 450 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Cott Corp. during the third quarter worth about $165,000. Finally, Advisor Group Inc. bought a new stake in shares of Cott Corp. during the second quarter worth about $174,000.
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.
Receive News & Stock Ratings for Cott Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott Corp. and related stocks with our FREE daily email newsletter.