Cott Corp (COT) Given Average Rating of “Buy” by Brokerages

Cott Corp (NYSE:COT) (TSE:BCB) has earned a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.85.

A number of brokerages recently issued reports on COT. BMO Capital Markets reissued an “outperform” rating on shares of Cott in a research report on Tuesday, September 12th. Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine raised Cott from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group lifted their target price on Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $20.00 target price on shares of Cott in a research report on Friday, September 15th.

In related news, Director Gregory R. Monahan sold 7,500 shares of Cott stock in a transaction that occurred 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 sale, the director now owns 102,666 shares of the company’s stock, valued at approximately $1,755,588.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.06% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of COT. Alliancebernstein L.P. increased its position in shares of Cott by 157.3% during the 2nd quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock worth $58,889,000 after purchasing an additional 2,493,378 shares during the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Cott during the 2nd quarter worth approximately $21,543,000. Balyasny Asset Management LLC acquired a new position in shares of Cott during the 2nd quarter worth approximately $11,876,000. Overbrook Management Corp increased its position in shares of Cott by 49.1% during the 2nd quarter. Overbrook Management Corp now owns 1,817,223 shares of the company’s stock worth $26,241,000 after purchasing an additional 598,209 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Cott by 61.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock worth $22,331,000 after acquiring an additional 588,620 shares during the period.

Cott (NYSE COT) opened at $16.57 on Monday. Cott has a 1-year low of $10.34 and a 1-year high of $17.77. The company has a current ratio of 1.01, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $2,310.00, a PE ratio of -23.67 and a beta of 0.87.

Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). Cott had a net margin of 0.28% and a negative return on equity of 0.24%. The business had revenue of $995.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.04 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. analysts forecast that Cott will post 0.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Tuesday, November 28th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, November 27th. Cott’s dividend payout ratio is presently -34.29%.

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About Cott

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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