Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cott Corporation (COT) Share Price
Media coverage about Cott Corporation (NYSE:COT) (TSE:BCB) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cott Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2007089835713 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Brokerages Expect Cott Corporation (COT) Will Post Earnings of $0.13 Per Share (americanbankingnews.com)
- Warner Bros. responds to Riverdale star’s late-night car crash (looper.com)
- Werner Enterprises (WERN) Cott Corporation (COT): Today’s Bull & Bear (msn.com)
- Hurricane Maria downgraded to Category 2, but damage to Puerto Rico is severe (sentinelsource.com)
- PB Swiss Hand Tools come with a SwissGrip handle. (news.thomasnet.com)
A number of research firms have commented on COT. Zacks Investment Research downgraded shares of Cott Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday. BMO Capital Markets raised their target price on shares of Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Cott Corporation in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and set a $12.00 target price on shares of Cott Corporation in a research report on Tuesday, July 25th. Finally, ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Cott Corporation presently has an average rating of “Hold” and a consensus price target of $16.75.
Shares of Cott Corporation (COT) traded down 0.13% on Friday, hitting $14.94. 1,203,291 shares of the stock were exchanged. Cott Corporation has a 52-week low of $10.10 and a 52-week high of $16.18. The stock’s market cap is $2.08 billion. The company’s 50 day moving average is $15.38 and its 200-day moving average is $13.86.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. Analysts predict that Cott Corporation will post ($0.01) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. Cott Corporation’s payout ratio is -23.30%.
In related news, CAO Jason R. Ausher sold 5,800 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $15.35, for a total transaction of $89,030.00. Following the sale, the chief accounting officer now directly owns 20,770 shares in the company, valued at $318,819.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory R. Monahan sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $15.30, for a total transaction of $130,050.00. Following the sale, the director now owns 115,666 shares in the company, valued at $1,769,689.80. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by corporate insiders.
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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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