Cott Corporation (NYSE:COT) Earns Outperform Rating from Royal Bank Of Canada
Cott Corporation (NYSE:COT) (TSE:BCB)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Thursday. They currently have a $20.00 target price on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 29.28% from the stock’s previous close.
A number of other analysts have also commented on COT. BMO Capital Markets boosted their price target on Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $12.00 price target on shares of Cott Corporation in a report on Tuesday, July 25th. ValuEngine upgraded Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC boosted their price target on Cott Corporation from $14.00 to $14.25 and gave the company a “hold” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered Cott Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cott Corporation has an average rating of “Hold” and an average price target of $16.75.
Shares of Cott Corporation (COT) traded down 1.778% on Thursday, reaching $15.195. The company’s stock had a trading volume of 476,544 shares. The company’s 50 day moving average is $14.83 and its 200-day moving average is $12.94. The stock’s market cap is $2.11 billion. Cott Corporation has a 1-year low of $10.10 and a 1-year high of $17.38.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.53%. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts predict that Cott Corporation will post $0.04 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in COT. FMR LLC increased its stake in Cott Corporation by 36.2% in the first quarter. FMR LLC now owns 9,745,914 shares of the company’s stock worth $120,628,000 after buying an additional 2,591,155 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Cott Corporation by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 5,493,194 shares of the company’s stock worth $79,276,000 after buying an additional 151,673 shares in the last quarter. Alliancebernstein L.P. increased its stake in Cott Corporation by 157.3% in the second quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock worth $58,889,000 after buying an additional 2,493,378 shares in the last quarter. Vanguard Group Inc. increased its stake in Cott Corporation by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,684,388 shares of the company’s stock worth $33,179,000 after buying an additional 159,725 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Cott Corporation by 42.8% in the first quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock worth $26,582,000 after buying an additional 645,087 shares in the last quarter.
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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