Scotiabank set a $18.50 target price on Cott (NYSE:COT) (TSE:BCB) in a research note released on Tuesday. The firm currently has a sector perform rating on the stock.

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.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). Cott had a positive return on equity of 0.09% and a negative net margin of 2.86%. The business had revenue of $995.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $0.04 earnings per share. Cott’s revenue was up 12.4% compared to the same quarter last year. equities research analysts anticipate that Cott will post 0.03 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: This news story was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/cott-cot-given-a-18-50-price-target-at-scotiabank/1813935.html.

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.

Analyst Recommendations for Cott (NYSE:COT)

Receive News & Ratings for Cott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott and related companies with MarketBeat.com's FREE daily email newsletter.