Cott (COT) Given a $18.50 Price Target at Scotiabank
Several other brokerages have also recently commented on COT. Zacks Investment Research cut shares of Cott from a hold rating to a strong sell rating in a research report on Wednesday, September 20th. Canaccord Genuity reiterated a buy rating and issued a $20.00 price target on shares of Cott in a research report on Friday, October 27th. Finally, Credit Suisse Group boosted their price target on shares of Cott from $17.00 to $18.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $17.25.
Shares of Cott (NYSE:COT) traded down $0.14 during trading on Tuesday, reaching $16.79. 625,500 shares of the company’s stock traded hands, compared to its average volume of 921,783. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76. Cott has a 12-month low of $10.34 and a 12-month high of $17.77. The company has a market capitalization of $2,340.00, a PE ratio of -23.99 and a beta of 0.86.
In related news, Director Gregory R. Monahan sold 7,500 shares of Cott stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the transaction, the director now owns 102,666 shares of the company’s stock, valued at approximately $1,755,588.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.06% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Shell Asset Management Co. increased its stake in Cott by 78.2% in the 3rd quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock worth $181,000 after purchasing an additional 10,353 shares in the last quarter. Verition Fund Management LLC purchased a new position in Cott in the 2nd quarter worth about $200,000. Cubist Systematic Strategies LLC increased its stake in Cott by 38.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock worth $312,000 after purchasing an additional 5,731 shares in the last quarter. Legal & General Group Plc increased its stake in Cott by 63.4% in the 2nd quarter. Legal & General Group Plc now owns 26,701 shares of the company’s stock worth $385,000 after purchasing an additional 10,359 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Cott by 415.1% in the 3rd quarter. Quantbot Technologies LP now owns 36,464 shares of the company’s stock worth $547,000 after purchasing an additional 29,385 shares in the last quarter.
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Cott 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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