Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cott Corporation (COT) Stock Price
News stories about Cott Corporation (NYSE:COT) (TSE:BCB) have trended somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cott Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.1199589796119 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Cott Corporation (NYSE: COT) – Today’s Hot Stock Under Review – Alpha Beta Stock (alphabetastock.com)
- Cott Corporation (COT) Expected to Announce Quarterly Sales of $899.62 Million (americanbankingnews.com)
- $0.03 EPS Expected for Cott Corporation (COT) This Quarter (americanbankingnews.com)
- ETFs with exposure to Cott Corp. (Canada) : November 17, 2017 (finance.yahoo.com)
- Traders Buy Large Volume of Call Options on Cott Corporation (COT) (americanbankingnews.com)
A number of equities analysts have recently weighed in on COT shares. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price objective on shares of Cott Corporation in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of Cott Corporation in a research report on Friday, September 15th. Canaccord Genuity reissued a “buy” rating and issued a $20.00 price objective on shares of Cott Corporation in a research report on Friday, October 27th. Zacks Investment Research raised shares of Cott Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price objective on shares of Cott Corporation in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.04.
Shares of Cott Corporation (COT) traded down $0.09 during mid-day trading on Tuesday, reaching $17.09. 2,293,192 shares of the company traded hands, compared to its average volume of 1,162,361. The company has a quick ratio of 0.86, a current ratio of 1.01 and a debt-to-equity ratio of 1.76. Cott Corporation has a 1 year low of $10.10 and a 1 year high of $17.46.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). Cott Corporation 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Cott Corporation’s quarterly revenue was up 12.4% compared to the same quarter last year. research analysts anticipate that Cott Corporation will post 0.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.24 annualized dividend and a yield of 1.40%. Cott Corporation’s dividend payout ratio is currently -34.29%.
In other Cott Corporation news, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total transaction of $130,050.00. Following the completion of the sale, the director now directly owns 115,666 shares in the company, valued at $1,769,689.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jason R. Ausher sold 5,800 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 20,770 shares of the company’s stock, valued at $318,819.50. The disclosure for this sale can be found here. 2.06% of the stock is owned by insiders.
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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.
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