Cott Corporation (NYSE:COT) Earns “Buy” Rating from BMO Capital Markets
BMO Capital Markets restated their buy rating on shares of Cott Corporation (NYSE:COT) (TSE:BCB) in a research report sent to investors on Thursday morning. They currently have a $17.00 target price on the stock.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Cott Corporation from a hold rating to a strong-buy rating and set a $15.00 price target for the company in a research report on Tuesday, May 2nd. Canaccord Genuity restated a buy rating and issued a $19.00 price target on shares of Cott Corporation in a research report on Monday, April 17th. Royal Bank Of Canada restated an outperform rating and issued a $20.00 price target on shares of Cott Corporation in a research report on Monday, July 10th. Jefferies Group LLC upped their price target on Cott Corporation from $12.50 to $13.50 and gave the company a hold rating in a research report on Wednesday, April 19th. Finally, ValuEngine upgraded Cott Corporation from a sell rating to a hold rating in a research report on Tuesday, June 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $16.91.
Cott Corporation (NYSE:COT) opened at 15.49 on Thursday. The stock’s market cap is $2.15 billion. Cott Corporation has a one year low of $10.10 and a one year high of $17.38. The stock has a 50 day moving average price of $14.52 and a 200-day moving average price of $12.66.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $909.19 million. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. Cott Corporation’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share. Equities research analysts expect that Cott Corporation will post $0.15 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teza Capital Management LLC acquired a new position in shares of Cott Corporation during the first quarter valued at $177,000. Gabelli Funds LLC raised its position in shares of Cott Corporation by 1.0% in the first quarter. Gabelli Funds LLC now owns 836,000 shares of the company’s stock valued at $10,333,000 after buying an additional 8,400 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Cott Corporation by 6.3% in the first quarter. Gamco Investors INC. ET AL now owns 900,700 shares of the company’s stock valued at $11,133,000 after buying an additional 53,000 shares during the last quarter. Swiss National Bank raised its position in shares of Cott Corporation by 1.6% in the first quarter. Swiss National Bank now owns 230,200 shares of the company’s stock valued at $2,849,000 after buying an additional 3,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after buying an additional 7,000 shares during 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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