Analysts Set Cott Corp (COT) Target Price at $19.37

Shares of Cott Corp (NYSE:COT) (TSE:BCB) have been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.37.

A number of analysts have recently weighed in on COT shares. Zacks Investment Research upgraded shares of Cott from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, March 12th. ValuEngine downgraded shares of Cott from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd.

Shares of Cott stock traded down $0.27 during trading hours on Thursday, reaching $14.67. The company’s stock had a trading volume of 1,584,513 shares, compared to its average volume of 1,584,174. Cott has a one year low of $13.34 and a one year high of $17.06. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.99 billion, a PE ratio of 91.69 and a beta of 0.82.



Cott (NYSE:COT) (TSE:BCB) last posted its earnings results on Friday, February 22nd. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Cott had a net margin of 16.14% and a return on equity of 1.72%. The firm had revenue of $599.20 million for the quarter, compared to the consensus estimate of $597.75 million. During the same period in the previous year, the firm posted $0.07 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Cott will post 0.33 earnings per share for the current fiscal year.

In related news, CEO Charles R. Hinson bought 51,405 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were acquired at an average cost of $14.88 per share, for a total transaction of $764,906.40. Following the purchase, the chief executive officer now directly owns 210,116 shares of the company’s stock, valued at $3,126,526.08. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven P. Stanbrook bought 13,500 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was bought at an average price of $14.77 per share, for a total transaction of $199,395.00. Following the completion of the purchase, the director now directly owns 13,500 shares in the company, valued at $199,395. The disclosure for this purchase can be found here. Corporate insiders own 3.02% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. First Hawaiian Bank grew its stake in Cott by 24.5% in the 4th quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock worth $61,000 after acquiring an additional 865 shares in the last quarter. CIBC Asset Management Inc grew its stake in Cott by 3.2% in the 4th quarter. CIBC Asset Management Inc now owns 76,793 shares of the company’s stock worth $1,070,000 after acquiring an additional 2,365 shares in the last quarter. Doyle Wealth Management bought a new position in Cott in the 4th quarter worth about $41,000. William Blair Investment Management LLC grew its stake in Cott by 1.8% in the 3rd quarter. William Blair Investment Management LLC now owns 202,502 shares of the company’s stock worth $3,270,000 after acquiring an additional 3,536 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Cott by 16.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 27,126 shares of the company’s stock worth $367,000 after acquiring an additional 3,915 shares in the last quarter.

Cott Company Profile

Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its 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, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.

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Analyst Recommendations for Cott (NYSE:COT)

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