Cott Corporation (NYSE:COT) had its price objective raised by Credit Suisse Group from $17.00 to $18.00 in a research report report published on Friday morning. The firm currently has an outperform rating on the stock.
Several other brokerages have also recently weighed in on COT. BMO Capital Markets upped their target price on Cott Corporation from $17.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday, August 1st. Zacks Investment Research cut Cott Corporation from a hold rating to a strong sell rating in a research note on Wednesday, September 20th. Canaccord Genuity restated a buy rating and set a $20.00 price objective on shares of Cott Corporation in a research note on Friday, October 27th. Stifel Nicolaus restated a hold rating and set a $12.00 price objective on shares of Cott Corporation in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a buy rating and set a $20.00 price objective on shares of Cott Corporation in a research note on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of C$17.04.
Shares of Cott Corporation (NYSE:COT) opened at C$16.15 on Friday. Cott Corporation has a 1-year low of C$10.10 and a 1-year high of C$16.26. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 2.46.
Cott Corporation (NYSE:COT) last issued its earnings results on Thursday, November 9th. The company reported C$0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.08). Cott Corporation had a positive return on equity of 0.09% and a negative net margin of 2.86%. The firm had revenue of C$995.00 million during the quarter, compared to analysts’ expectations of C$1.01 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. Cott Corporation’s quarterly revenue was up 12.4% compared to the same quarter last year. equities research analysts predict that Cott Corporation will post 0.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, November 27th. Cott Corporation’s dividend payout ratio (DPR) is currently -34.29%.
In related news, CAO Jason R. Ausher sold 5,800 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of C$15.35, for a total transaction of C$89,030.00. Following the transaction, the chief accounting officer now directly owns 20,770 shares of the company’s stock, valued at approximately C$318,819.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory R. Monahan sold 8,500 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$15.30, for a total value of C$130,050.00. Following the transaction, the director now directly owns 115,666 shares in the company, valued at C$1,769,689.80. The disclosure for this sale can be found here. Corporate insiders own 2.06% of the company’s stock.
A number of large investors have recently made changes to their positions in COT. Parametric Portfolio Associates LLC acquired a new position in Cott Corporation during the 1st quarter valued at about $180,000. Vanguard Group Inc. increased its position in Cott Corporation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 2,684,388 shares of the company’s stock valued at $33,179,000 after buying an additional 159,725 shares in the last quarter. Bank of America Corp DE increased its position in Cott Corporation by 39.4% during the 1st quarter. Bank of America Corp DE now owns 148,247 shares of the company’s stock valued at $1,832,000 after buying an additional 41,894 shares in the last quarter. Bank of Montreal Can increased its position in Cott Corporation by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 330,305 shares of the company’s stock valued at $4,770,000 after buying an additional 3,154 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its position in Cott Corporation by 28.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 20,339 shares of the company’s stock valued at $294,000 after buying an additional 4,534 shares in the last quarter.
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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