Cott Corp (COT) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cott Corp (NYSE:COT) (TSE:BCB) have been assigned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.79.

COT has been the subject of several research reports. Zacks Investment Research raised shares of Cott from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Jefferies Financial Group reissued a “buy” rating and set a $22.00 price objective on shares of Cott in a research report on Thursday, August 2nd. Finally, TD Securities initiated coverage on shares of Cott in a research report on Friday, August 17th. They set a “buy” rating for the company.

Shares of COT stock traded down $0.20 during trading hours on Monday, hitting $14.38. 747,637 shares of the company were exchanged, compared to its average volume of 1,097,065. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 1.01. Cott has a 52 week low of $13.99 and a 52 week high of $17.77. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 97.20 and a beta of 0.79.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Cott had a return on equity of 1.92% and a net margin of 18.64%. The company had revenue of $604.00 million for the quarter, compared to the consensus estimate of $604.32 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Cott will post 0.26 EPS for the current year.

In other Cott news, CEO Thomas Harrington bought 6,393 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was acquired at an average price of $15.64 per share, with a total value of $99,986.52. Following the completion of the transaction, the chief executive officer now owns 59,067 shares in the company, valued at $923,807.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Halperin sold 34,131 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $16.12, for a total transaction of $550,191.72. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $1,612,000. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in COT. US Bancorp DE lifted its stake in Cott by 206.9% in the second quarter. US Bancorp DE now owns 6,758 shares of the company’s stock valued at $112,000 after acquiring an additional 4,556 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Cott in the first quarter valued at $159,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Cott in the third quarter valued at $161,000. Fox Run Management L.L.C. acquired a new stake in Cott in the second quarter valued at $526,000. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Cott in the second quarter valued at $546,000.

About Cott

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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Analyst Recommendations for Cott (NYSE:COT)

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