Shares of Cott Corp (NYSE:COT) (TSE:BCB) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.67.
COT has been the subject of several research reports. Scotiabank upped their target price on shares of Cott from $18.50 to $19.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Cott in a research report on Friday, March 2nd. Deutsche Bank lowered shares of Cott from a “buy” rating to a “hold” rating and set a $17.85 target price for the company. in a research report on Monday, March 26th. ValuEngine upgraded shares of Cott from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research upgraded shares of Cott from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, May 2nd.
Shares of Cott stock traded down $0.01 during trading on Thursday, hitting $15.83. The stock had a trading volume of 441,255 shares, compared to its average volume of 839,955. The stock has a market cap of $2.22 billion, a P/E ratio of 131.92 and a beta of 0.80. Cott has a 12 month low of $13.09 and a 12 month high of $17.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 1.54.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, May 3rd. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). Cott had a net margin of 14.54% and a return on equity of 1.79%. The firm had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $563.81 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. sell-side analysts predict that Cott will post 0.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Friday, June 1st will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.24 annualized dividend and a yield of 1.52%. Cott’s payout ratio is 342.86%.
In other Cott news, VP Marni Morgan Poe sold 30,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $15.84, for a total transaction of $475,200.00. Following the completion of the sale, the vice president now directly owns 130,864 shares in the company, valued at $2,072,885.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jason R. Ausher sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $15.69, for a total transaction of $78,450.00. Following the sale, the insider now owns 19,681 shares of the company’s stock, valued at $308,794.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,000 shares of company stock valued at $1,110,850. Company insiders own 2.06% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of COT. Verition Fund Management LLC bought a new position in shares of Cott during the first quarter valued at about $159,000. Virtu Financial LLC bought a new position in shares of Cott during the fourth quarter valued at about $173,000. Brown Advisory Inc. bought a new position in shares of Cott during the fourth quarter valued at about $214,000. Inverness Counsel LLC NY bought a new position in shares of Cott during the first quarter valued at about $239,000. Finally, Investors Research Corp bought a new position in shares of Cott during the fourth quarter valued at about $338,000.
Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, beverage concentrates, and mineral water.
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