Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cott Corporation (COT) Stock Price
Press coverage about Cott Corporation (NYSE:COT) (TSE:BCB) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cott Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.6090785376218 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s scoring:
- HNI Corporation (HNI) versus Cott Corp (NYSE:COT) Critical Analysis (americanbankingnews.com)
- Royal Bank Of Canada Reiterates “Outperform” Rating for Cott Corporation (NYSE:COT) (americanbankingnews.com)
- The New Cott (COT) Has Additional 29-180% Upside – RBC – StreetInsider.com (streetinsider.com)
- Cott Corporation (NYSE:COT) Stock Traded Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Cott Corporation (NYSE:COT) Stock Traded Over Its 50 Day Average – Modern Readers (modernreaders.com)
Several brokerages have recently commented on COT. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 target price on shares of Cott Corporation in a report on Tuesday, July 25th. BMO Capital Markets increased their target price on shares of Cott Corporation from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Cott Corporation in a research report on Thursday. ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $14.00 price objective (up from $13.50) on shares of Cott Corporation in a research report on Monday, June 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.75.
Shares of Cott Corporation (NYSE COT) traded up 0.07% during mid-day trading on Friday, hitting $15.18. 801,309 shares of the stock were exchanged. The firm’s market cap is $2.11 billion. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $17.31. The stock’s 50 day moving average is $14.88 and its 200 day moving average is $12.98.
Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.53%. The firm’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. Analysts expect that Cott Corporation will post ($0.01) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, August 21st. Cott Corporation’s dividend payout ratio (DPR) is presently -23.30%.
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.
Receive News & Ratings for Cott Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.