Royal Bank Of Canada restated their outperform rating on shares of Cott Corporation (NYSE:COT) (TSE:BCB) in a research note issued to investors on Monday, July 10th. The firm currently has a $20.00 price target on the stock.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC lifted their price target on Cott Corporation from $12.50 to $13.50 and gave the company a hold rating in a research note on Wednesday, April 19th. BMO Capital Markets upgraded Cott Corporation from a market perform rating to an outperform rating and boosted their price objective for the stock from $15.00 to $17.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Canaccord Genuity restated a buy rating and set a $19.00 price objective on shares of Cott Corporation in a research report on Monday, April 17th. ValuEngine upgraded Cott Corporation from a sell rating to a hold rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded Cott Corporation from a hold rating to a strong-buy rating and set a $15.00 price objective on the stock in a research report on Tuesday, May 2nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $16.91.
Shares of Cott Corporation (COT) traded down 1.22% during mid-day trading on Monday, hitting $14.55. The stock had a trading volume of 886,589 shares. The stock has a 50 day moving average price of $14.32 and a 200 day moving average price of $12.51. The firm’s market cap is $2.02 billion. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $17.38.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. The business had revenue of $896.40 million during the quarter, compared to the consensus estimate of $909.19 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. Equities research analysts expect that Cott Corporation will post $0.17 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Cott Corporation by 36.2% in the first quarter. FMR LLC now owns 9,745,914 shares of the company’s stock valued at $120,628,000 after buying an additional 2,591,155 shares during the last quarter. Norges Bank bought a new position in shares of Cott Corporation during the fourth quarter valued at approximately $24,080,000. Clearfield Capital Management LP bought a new position in shares of Cott Corporation during the first quarter valued at approximately $19,174,000. Thrivent Financial For Lutherans bought a new position in shares of Cott Corporation during the first quarter valued at approximately $13,358,000. Finally, Wells Fargo & Company MN increased its position in shares of Cott Corporation by 42.8% in the first quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock valued at $26,582,000 after buying an additional 645,087 shares during the last quarter.
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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