Cott Corporation (COT) Sees Strong Trading Volume
Shares of Cott Corporation (NYSE:COT) (TSE:BCB) saw strong trading volume on Monday . 2,631,611 shares were traded during trading, an increase of 130% from the previous session’s volume of 1,143,890 shares.The stock last traded at $15.22 and had previously closed at $15.00.
Several analysts have recently commented on the company. BMO Capital Markets increased 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 price target on shares of Cott Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Cott Corporation in a research note on Thursday, August 10th. Zacks Investment Research raised Cott Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Jefferies Group LLC upped their price target on Cott Corporation from $14.00 to $14.25 and gave the company a “hold” rating in a research note on Thursday, July 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.04.
The stock’s 50-day moving average is $15.22 and its 200 day moving average is $14.27. The stock’s market cap is $2.10 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate 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 was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS.
In related news, CAO Jason R. Ausher sold 5,800 shares of the business’s 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 sale, the chief accounting officer now owns 20,770 shares in the company, valued at approximately $318,819.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $15.30, for a total value of $130,050.00. Following the sale, the director now owns 115,666 shares in the company, valued at approximately $1,769,689.80. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. bought a new stake in Cott Corporation during the 2nd quarter worth $145,000. Pacad Investment Ltd. bought a new stake in Cott Corporation during the 2nd quarter worth $181,000. Verition Fund Management LLC bought a new stake in Cott Corporation during the 2nd quarter worth $200,000. Parametric Portfolio Associates LLC bought a new stake in Cott Corporation during the 1st quarter worth $180,000. Finally, Neuberger Berman Group LLC bought a new stake in Cott Corporation during the 1st quarter worth $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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