Cott Corporation (NYSE:COT) Price Target Increased to $14.25 by Analysts at Jefferies Group LLC

Cott Corporation (NYSE:COT) (TSE:BCB) had its target price upped by Jefferies Group LLC from $14.00 to $14.25 in a research note published on Thursday morning. The brokerage currently has a hold rating on the stock.

Several other brokerages have also weighed in on COT. Zacks Investment Research upgraded Cott Corporation from a hold rating to a strong-buy rating and set a $15.00 price target for the company in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated a buy rating on shares of Cott Corporation in a research note on Wednesday, May 3rd. Canaccord Genuity restated a buy rating and issued a $19.00 price target on shares of Cott Corporation in a research note on Monday, April 17th. BMO Capital Markets upgraded Cott Corporation from a market perform rating to an outperform rating and lifted 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. Finally, ValuEngine upgraded Cott Corporation from a sell rating to a hold rating in a research note on Tuesday, June 27th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $16.91.

Cott Corporation (COT) traded up 2.479% during trading on Thursday, hitting $14.675. The stock had a trading volume of 405,533 shares. The firm’s 50-day moving average price is $13.75 and its 200-day moving average price is $12.18. Cott Corporation has a 52-week low of $10.10 and a 52-week high of $17.38. The company’s market cap is $2.04 billion.

Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. The business had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $909.19 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. Cott Corporation’s revenue for the quarter was up 28.4% on a year-over-year basis. Analysts predict that Cott Corporation will post $0.17 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cott Corporation (NYSE:COT) Price Target Increased to $14.25 by Analysts at Jefferies Group LLC” was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.themarketsdaily.com/2017/07/12/cott-corporation-nysecot-price-target-increased-to-14-25-by-analysts-at-jefferies-group-llc.html.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Friday, June 2nd were issued a dividend of $0.06 per share. This is a boost from Cott Corporation’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, May 31st. Cott Corporation’s payout ratio is currently -30.38%.

Several hedge funds and other institutional investors have recently modified their holdings of COT. Wedbush Securities Inc. bought a new position in shares of Cott Corporation during the first quarter valued at $175,000. Teza Capital Management LLC bought a new position in shares of Cott Corporation during the first quarter valued at $177,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after buying an additional 7,000 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Cott Corporation during the first quarter valued at $180,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Cott Corporation during the first quarter valued at $182,000.

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