Scotiabank Analysts Give Cott (COT) a $18.50 Price Target

Cott (NYSE:COT) (TSE:BCB) has been assigned a $18.50 target price by research analysts at Scotiabank in a research report issued on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 10.45% from the stock’s current price.

Several other research firms have also weighed in on COT. Zacks Investment Research lowered Cott from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Canaccord Genuity reiterated a “buy” rating and set a $20.00 target price on shares of Cott in a report on Friday, October 27th. Finally, Credit Suisse Group lifted their target price on Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cott currently has an average rating of “Hold” and an average target price of $17.25.

Cott (NYSE:COT) traded up $0.06 during trading hours on Tuesday, hitting $16.75. The stock had a trading volume of 545,000 shares, compared to its average volume of 884,111. Cott has a 1-year low of $10.34 and a 1-year high of $17.77. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.01 and a quick ratio of 0.86. The company has a market cap of $2,280.00, a price-to-earnings ratio of -23.93 and a beta of 0.86.

Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarter in the prior year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts predict that Cott will post 0.03 earnings per share for the current year.

In other Cott news, Director Gregory R. Monahan sold 7,500 shares of Cott stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.10, for a total transaction of $128,250.00. Following the transaction, the director now directly owns 102,666 shares in the company, valued at $1,755,588.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.06% of the company’s stock.

Several institutional investors have recently modified their holdings of COT. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Cott in the second quarter valued at about $21,543,000. Balyasny Asset Management LLC bought a new stake in shares of Cott in the second quarter valued at about $11,876,000. Lord Abbett & CO. LLC lifted its holdings in shares of Cott by 61.5% in the second quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock valued at $22,331,000 after purchasing an additional 588,620 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Cott by 39.9% in the second quarter. Thrivent Financial For Lutherans now owns 1,511,680 shares of the company’s stock valued at $21,829,000 after purchasing an additional 430,950 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cott by 131.2% in the second quarter. JPMorgan Chase & Co. now owns 630,408 shares of the company’s stock valued at $9,103,000 after purchasing an additional 357,794 shares in the last quarter.

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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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