Shares of Cott Corp (NYSE:COT) (TSE:BCB) have earned an average recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.63.
A number of equities research analysts recently weighed in on COT shares. TD Securities raised their target price on shares of Cott from $18.00 to $19.50 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Zacks Investment Research downgraded shares of Cott from a “buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Cott in a research note on Wednesday.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new position in Cott during the fourth quarter valued at approximately $30,000. Marshall Wace North America L.P. bought a new position in Cott during the fourth quarter valued at approximately $68,000. Tower Research Capital LLC TRC grew its position in Cott by 137.4% during the third quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the company’s stock valued at $93,000 after acquiring an additional 4,285 shares during the last quarter. Atria Investments LLC bought a new position in Cott during the second quarter valued at approximately $122,000. Finally, Sciencast Management LP bought a new position in Cott during the third quarter valued at approximately $204,000.
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.
See Also: Why does a company issue an IPO?
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 MarketBeat.com's FREE daily email newsletter.