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.

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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)

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