Cott (COT) Given a $18.50 Price Target by Scotiabank Analysts

Scotiabank set a $18.50 price objective on Cott (NYSE:COT) (TSE:BCB) in a research note issued to investors on Tuesday morning. The brokerage currently has a sector perform rating on the stock.

COT has been the subject of a number of other reports. Credit Suisse Group raised their price target on Cott from $17.00 to $18.00 and gave the stock an outperform rating in a report on Friday, November 10th. Zacks Investment Research raised Cott from a strong sell rating to a hold rating in a report on Tuesday, October 3rd. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $20.00 price target on shares of Cott in a report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $17.25.

Cott (NYSE COT) traded down $0.35 during trading hours on Tuesday, reaching $16.40. The company’s stock had a trading volume of 1,098,300 shares, compared to its average volume of 905,530. Cott has a twelve month low of $10.34 and a twelve month high of $17.77. The company has a quick ratio of 0.86, a current ratio of 1.01 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $2,333.24, a P/E ratio of -23.43 and a beta of 0.85.

Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). Cott had a positive return on equity of 0.09% and a negative net margin of 2.86%. The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.04 earnings per share. Cott’s revenue was up 12.4% on a year-over-year basis. analysts forecast that Cott will post 0.03 EPS for the current year.

In other news, Director Gregory R. Monahan sold 7,500 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the completion of the transaction, the director now directly owns 102,666 shares of the company’s stock, valued at $1,755,588.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.06% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of COT. Shell Asset Management Co. boosted its stake in Cott by 78.2% during the third quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock valued at $181,000 after buying an additional 10,353 shares during the period. Verition Fund Management LLC bought a new stake in Cott during the second quarter valued at $200,000. Cubist Systematic Strategies LLC boosted its stake in Cott by 38.0% during the third quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock valued at $312,000 after buying an additional 5,731 shares during the period. Legal & General Group Plc boosted its stake in Cott by 63.4% during the second quarter. Legal & General Group Plc now owns 26,701 shares of the company’s stock valued at $385,000 after buying an additional 10,359 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Cott by 415.1% during the third quarter. Quantbot Technologies LP now owns 36,464 shares of the company’s stock valued at $547,000 after buying an additional 29,385 shares during the period.

COPYRIGHT VIOLATION NOTICE: “Cott (COT) Given a $18.50 Price Target by Scotiabank Analysts” was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at

Cott Company Profile

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.

Analyst Recommendations for Cott (NYSE:COT)

Receive News & Ratings for Cott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott and related companies with's FREE daily email newsletter.

Leave a Reply