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.
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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.
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