Cott (NYSE:COT) (TSE:BCB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Cott Corporation is a North American and European water, coffee and coffee extracts, tea and filtration solutions service company. “

A number of other equities research analysts have also recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating and set a $20.00 price objective on shares of Cott in a research note on Tuesday. Citigroup set a $19.00 price objective on Cott and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 price objective on shares of Cott in a research note on Thursday, November 8th. Finally, TD Securities began coverage on Cott in a research note on Friday, August 17th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.76.

NYSE:COT traded down $0.04 during trading hours on Tuesday, reaching $15.17. 1,531,424 shares of the stock were exchanged, compared to its average volume of 940,219. Cott has a twelve month low of $13.99 and a twelve month high of $17.77. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.04. The company has a market cap of $2.16 billion, a P/E ratio of 216.71 and a beta of 0.81.

Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Cott had a return on equity of 1.77% and a net margin of 17.03%. The firm had revenue of $609.30 million for the quarter, compared to analyst estimates of $603.37 million. During the same period last year, the company earned $0.30 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Cott will post 0.27 earnings per share for the current fiscal year.

In other news, Director Stephen Halperin sold 34,131 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $16.12, for a total transaction of $550,191.72. Following the sale, the director now owns 100,000 shares in the company, valued at approximately $1,612,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.02% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in Cott by 206.9% in the 2nd quarter. US Bancorp DE now owns 6,758 shares of the company’s stock valued at $112,000 after acquiring an additional 4,556 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cott in the 3rd quarter valued at $161,000. Verition Fund Management LLC raised its stake in Cott by 67.8% in the 2nd quarter. Verition Fund Management LLC now owns 18,120 shares of the company’s stock valued at $300,000 after acquiring an additional 7,320 shares during the period. Virtu Financial LLC bought a new stake in Cott in the 3rd quarter valued at $311,000. Finally, PEAK6 Investments LLC bought a new stake in Cott in the 3rd quarter valued at $473,000.

Cott Company Profile

Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, beverage concentrates, and mineral water.

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