Cott Corp. (COT) Given a $14.00 Price Target by Jefferies Group Analysts
Cott Corp. (NYSE:COT) (TSE:BCB) received a $14.00 target price from equities research analysts at Jefferies Group in a research note issued to investors on Monday. The brokerage currently has a a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 13.54% from the company’s current price.
A number of other analysts also recently weighed in on the company. TheStreet downgraded Cott Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. BMO Capital Markets decreased their price target on Cott Corp. from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Monday, October 17th. Deutsche Bank AG increased their price target on Cott Corp. from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Cott Corp. in a report on Wednesday, August 24th. Finally, Credit Suisse Group AG set a $19.00 price target on Cott Corp. and gave the stock a “buy” rating in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Cott Corp. currently has a consensus rating of “Buy” and an average target price of $18.20.
Shares of Cott Corp. (NYSE:COT) opened at 12.33 on Monday. Cott Corp. has a 12-month low of $9.07 and a 12-month high of $17.38. The company’s 50-day moving average price is $13.68 and its 200 day moving average price is $14.72. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 324.47 and a beta of 0.70.
Cott Corp. (NYSE:COT) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The business earned $885.10 million during the quarter, compared to the consensus estimate of $873.94 million. Cott Corp. had a positive return on equity of 4.41% and a negative net margin of 0.09%. Cott Corp.’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Equities analysts predict that Cott Corp. will post $0.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Monday, November 28th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.24 annualized dividend and a yield of 1.95%. Cott Corp.’s payout ratio is -600.00%.
In related news, Director Eric Rosenfeld sold 19,582 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $17.07, for a total value of $334,264.74. Following the transaction, the director now owns 390,065 shares of the company’s stock, valued at approximately $6,658,409.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.19% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. PCJ Investment Counsel Ltd. boosted its position in shares of Cott Corp. by 8.8% in the third quarter. PCJ Investment Counsel Ltd. now owns 2,776,147 shares of the company’s stock valued at $39,464,000 after buying an additional 224,984 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Cott Corp. by 1.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,483,755 shares of the company’s stock valued at $234,165,000 after buying an additional 311,040 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Cott Corp. by 53.6% in the third quarter. 1832 Asset Management L.P. now owns 1,486,210 shares of the company’s stock valued at $21,178,000 after buying an additional 518,367 shares in the last quarter. Jane Street Group LLC boosted its position in Cott Corp. by 71.0% in the third quarter. Jane Street Group LLC now owns 17,944 shares of the company’s stock valued at $256,000 after buying an additional 7,450 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Cott Corp. during the third quarter valued at approximately $7,285,000.
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.
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