Cott Corporation (NYSE:COT) (TSE:BCB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday, October 3rd.
According to Zacks, “Cott Corporation is one of the world’s largest non-alcoholic beverage companies and the world’s largest retailer brand soft drink provider. The Company commercializes its business in over Sixty countries worldwide, with its principal markets being the United States, Canada, the United Kingdom and Mexico. Cott markets or supplies over two hundred retailer and licensed brands, and Company-owned brands including Cott, RC, Vintage, Vess and So Clear. Its products include carbonated soft drinks, sparkling and flavored waters, energy drinks, sports drinks, juices, juice drinks and smoothies, ready-to-drink teas, and other non-carbonated beverages. “
Other equities research analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 price target on shares of Cott Corporation in a research report on Tuesday, July 25th. BMO Capital Markets raised Cott Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $15.00 to $17.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Jefferies Group LLC raised their price target on Cott Corporation from $14.00 to $14.25 and gave the stock a “hold” rating in a research report on Thursday, July 6th. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Cott Corporation in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.04.
Cott Corporation (NYSE COT) traded down 0.73% during trading on Tuesday, reaching $15.00. The company’s stock had a trading volume of 626,384 shares. The stock’s 50 day moving average is $15.21 and its 200-day moving average is $14.24. The firm’s market cap is $2.09 billion. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $16.18.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. On average, equities research analysts forecast that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
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In other Cott Corporation news, CAO Jason R. Ausher sold 5,800 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $15.35, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory R. Monahan sold 8,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. bought a new position in Cott Corporation in the second quarter valued at approximately $145,000. Pacad Investment Ltd. bought a new position in Cott Corporation in the second quarter valued at approximately $181,000. Verition Fund Management LLC bought a new position in Cott Corporation in the second quarter valued at approximately $200,000. Parametric Portfolio Associates LLC bought a new position in Cott Corporation in the first quarter valued at approximately $180,000. Finally, Neuberger Berman Group LLC bought a new position in Cott Corporation in the first quarter valued at approximately $182,000.
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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