Shares of Cott Corp (NYSE:COT) (TSE:BCB) have received a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.00.
COT has been the topic of a number of recent research reports. TD Securities lifted their target price on Cott from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded Cott from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Goldman Sachs Group raised Cott from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 23rd. Zacks Investment Research downgraded Cott from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Cott in a research report on Friday, August 9th.
In other Cott news, CEO Thomas Harrington purchased 25,000 shares of Cott stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $12.49 per share, for a total transaction of $312,250.00. Following the completion of the acquisition, the chief executive officer now owns 124,920 shares of the company’s stock, valued at approximately $1,560,250.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Rosenfeld purchased 80,000 shares of Cott stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $12.38 per share, with a total value of $990,400.00. Following the acquisition, the director now directly owns 415,478 shares of the company’s stock, valued at approximately $5,143,617.64. The disclosure for this purchase can be found here. Company insiders own 3.99% of the company’s stock.
COT opened at $13.37 on Thursday. The business’s 50-day moving average price is $12.67 and its two-hundred day moving average price is $13.68. Cott has a 1 year low of $11.72 and a 1 year high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.78.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03). The firm had revenue of $604.10 million during the quarter, compared to analyst estimates of $608.80 million. Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. Equities analysts anticipate that Cott will post 0.34 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, August 20th. Cott’s payout ratio is currently 150.00%.
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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