Cott Corporation (COT) Hits New 12-Month High After Analyst Upgrade

Cott Corporation (NYSE:COT) (TSE:BCB) shares reached a new 52-week high on Monday after Credit Suisse Group raised their price target on the stock from $17.00 to $18.00. Credit Suisse Group currently has an outperform rating on the stock. Cott Corporation traded as high as $16.32 and last traded at $16.15, with a volume of 5866900 shares traded. The stock had previously closed at $15.01.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets restated a “buy” rating and issued a $17.00 price objective on shares of Cott Corporation in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 price target on shares of Cott Corporation in a research note on Friday, September 15th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Cott Corporation in a research note on Friday, October 27th. Zacks Investment Research upgraded Cott Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target on shares of Cott Corporation in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cott Corporation currently has an average rating of “Buy” and an average price target of $17.04.

In other Cott Corporation news, Director Gregory R. Monahan sold 8,500 shares of Cott Corporation stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total value of $130,050.00. Following the transaction, the director now directly owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jason R. Ausher sold 5,800 shares of Cott Corporation stock in a transaction on Friday, September 8th. The stock was sold at an average price of $15.35, for a total transaction of $89,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,770 shares in the company, valued at $318,819.50. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.

Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. acquired a new stake in shares of Cott Corporation during the second quarter worth $145,000. Parametric Portfolio Associates LLC acquired a new position in Cott Corporation during the first quarter valued at $180,000. Pacad Investment Ltd. acquired a new position in Cott Corporation during the second quarter valued at $181,000. Shell Asset Management Co. lifted its position in Cott Corporation by 78.2% during the third quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock valued at $181,000 after purchasing an additional 10,353 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Cott Corporation during the second quarter valued at $200,000.

The company has a debt-to-equity ratio of 1.76, a current ratio of 1.01 and a quick ratio of 0.86.

Cott Corporation (NYSE:COT) (TSE:BCB) last released its earnings results on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The company had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Cott Corporation had a positive return on equity of 0.09% and a negative net margin of 2.86%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. sell-side analysts anticipate that Cott Corporation will post 0.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th will be issued a $0.06 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.49%. Cott Corporation’s dividend payout ratio is currently -34.29%.

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About Cott Corporation

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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