Cott Corporation (NYSE:COT) Rating Reiterated by Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of Cott Corporation (NYSE:COT) (TSE:BCB) in a research note published on Tuesday. Stifel Nicolaus currently has a $12.00 price objective on the stock.
A number of other research firms have also weighed in on COT. Royal Bank Of Canada reissued an outperform rating and set a $20.00 target price on shares of Cott Corporation in a report on Monday, July 10th. ValuEngine raised Cott Corporation from a sell rating to a hold rating in a report on Tuesday, June 27th. Jefferies Group LLC reissued a hold rating and set a $14.00 target price (up from $13.50) on shares of Cott Corporation in a report on Monday, June 12th. BMO Capital Markets raised Cott Corporation from a market perform rating to an outperform rating and boosted their target price for the stock from $15.00 to $17.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Cott Corporation from a hold rating to a strong-buy rating and set a $15.00 target price on the stock in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cott Corporation currently has a consensus rating of Buy and an average target price of $16.91.
Shares of Cott Corporation (NYSE:COT) traded up 0.65% during midday trading on Tuesday, hitting $15.49. 1,979,806 shares of the stock traded hands. The company’s market capitalization is $2.15 billion. The firm’s 50 day moving average price is $14.52 and its 200 day moving average price is $12.66. Cott Corporation has a 12-month low of $10.10 and a 12-month high of $17.38.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, May 4th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.04. The business had revenue of $896.40 million for the quarter, compared to analyst estimates of $909.19 million. Cott Corporation had a positive return on equity of 1.58% and a negative net margin of 3.23%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) earnings per share. Analysts expect that Cott Corporation will post $0.15 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of COT. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Cott Corporation by 0.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 35,815 shares of the company’s stock worth $517,000 after buying an additional 200 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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. Aperio Group LLC raised its position in shares of Cott Corporation by 2.1% in the second quarter. Aperio Group LLC now owns 154,101 shares of the company’s stock worth $2,225,000 after buying an additional 3,189 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Cott Corporation by 28.7% in the second quarter. Eqis Capital Management Inc. now owns 20,339 shares of the company’s stock worth $294,000 after buying an additional 4,534 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Cott Corporation by 1.0% in the second quarter. Bank of Montreal Can now owns 330,305 shares of the company’s stock worth $4,770,000 after buying an additional 3,154 shares in 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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