Cott Corp (COT) Receives $17.25 Consensus Target Price from Analysts

Cott Corp (NYSE:COT) (TSE:BCB) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.25.

COT has been the topic of several analyst reports. Scotiabank set a $18.50 target price on Cott and gave the company a “sector perform” rating in a report on Tuesday, January 16th. BMO Capital Markets reiterated an “outperform” rating and set a $19.00 target price (up from $18.00) on shares of Cott in a report on Friday, March 2nd.

In other Cott news, VP Marni Morgan Poe sold 30,000 shares of Cott stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $15.84, for a total transaction of $475,200.00. Following the sale, the vice president now directly owns 130,864 shares in the company, valued at approximately $2,072,885.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jay Wells sold 35,000 shares of Cott stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $15.92, for a total value of $557,200.00. Following the sale, the chief financial officer now owns 114,257 shares in the company, valued at $1,818,971.44. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock worth $1,110,850 over the last 90 days. 2.06% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of COT. Gotham Asset Management LLC bought a new stake in shares of Cott in the 4th quarter valued at approximately $1,449,000. Millennium Management LLC increased its holdings in shares of Cott by 10.7% in the 4th quarter. Millennium Management LLC now owns 6,063,753 shares of the company’s stock valued at $101,022,000 after acquiring an additional 585,654 shares during the last quarter. Sciencast Management LP bought a new stake in shares of Cott in the 4th quarter valued at approximately $438,000. Garnet Equity Capital Holdings Inc. bought a new stake in shares of Cott in the 4th quarter valued at approximately $4,123,000. Finally, HBK Investments L P increased its holdings in shares of Cott by 491.4% in the 4th quarter. HBK Investments L P now owns 130,100 shares of the company’s stock valued at $2,167,000 after acquiring an additional 108,100 shares during the last quarter.

Shares of Cott (NYSE COT) traded down $0.17 during trading hours on Friday, hitting $15.33. The company had a trading volume of 325,887 shares, compared to its average volume of 1,058,944. The stock has a market cap of $2,209.08, a P/E ratio of -775.00 and a beta of 0.85. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74. Cott has a 1-year low of $11.58 and a 1-year high of $17.77.

Cott (NYSE:COT) (TSE:BCB) last announced its earnings results on Thursday, March 1st. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $571.30 million for the quarter, compared to the consensus estimate of $617.21 million. Cott had a positive return on equity of 0.23% and a negative net margin of 0.05%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. equities research analysts expect that Cott will post 0.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.24 annualized dividend and a yield of 1.57%. Cott’s dividend payout ratio is presently -1,200.00%.

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About Cott

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 (NYSE:COT)

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