Today: The Cott Corp. (NYSE:COT) Receives $17.89 Average Target Price from Analysts

The Cott Corp. (NYSE:COT) Receives $17.89 Average Target Price from Analysts

Shares of Cott Corp. (NYSE:COT) have been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the company. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.89.

A number of research analysts recently weighed in on the stock. Canaccord Genuity reissued a “buy” rating and issued a $23.00 target price on shares of Cott Corp. in a report on Friday, August 5th. Credit Suisse Group AG set a $19.00 target price on shares of Cott Corp. and gave the company a “buy” rating in a report on Friday, August 19th. Jefferies Group raised their target price on shares of Cott Corp. from $15.50 to $17.50 and gave the company a “hold” rating in a report on Friday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Cott Corp. in a report on Friday, August 5th. Finally, Stifel Nicolaus raised shares of Cott Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th.

Cott Corp. (NYSE:COT) opened at 13.76 on Friday. The company has a 50 day moving average of $15.25 and a 200 day moving average of $14.74. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 362.11 and a beta of 0.59. Cott Corp. has a 52 week low of $8.96 and a 52 week high of $17.38.

Cott Corp. (NYSE:COT) last posted its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. Cott Corp. had a net margin of 0.20% and a return on equity of 4.53%. The business earned $765 million during the quarter, compared to analysts’ expectations of $766.83 million. During the same period last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Cott Corp. will post $0.24 EPS for the current fiscal year.

In related news, CEO Jeremy S. G. Fowden sold 148,515 shares of Cott Corp. stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $17.09, for a total value of $2,538,121.35. Following the completion of the sale, the chief executive officer now directly owns 892,500 shares in the company, valued at $15,252,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Rosenfeld sold 25,000 shares of Cott Corp. stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $425,000.00. Following the completion of the sale, the director now owns 465,065 shares of the company’s stock, valued at $7,906,105. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in COT. Walleye Trading LLC increased its stake in Cott Corp. by 203.8% in the second quarter. Walleye Trading LLC now owns 7,900 shares of the company’s stock valued at $110,000 after buying an additional 5,300 shares during the last quarter. Legal & General Group Plc increased its stake in Cott Corp. by 61.1% in the first quarter. Legal & General Group Plc now owns 8,702 shares of the company’s stock valued at $121,000 after buying an additional 3,300 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in Cott Corp. during the second quarter valued at $142,000. Massachusetts Financial Services Co. MA increased its stake in Cott Corp. by 4.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,514 shares of the company’s stock valued at $147,000 after buying an additional 450 shares during the last quarter. Finally, Advisor Group Inc. purchased a new stake in Cott Corp. during the second quarter valued at $174,000.

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