Cott Corporation (NYSE:COT) (TSE:BCB) had its price target raised by research analysts at BMO Capital Markets from $17.00 to $18.00 in a research report issued to clients and investors on Tuesday, August 1st. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 18.58% from the stock’s previous close.
A number of other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Cott Corporation from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, May 2nd. Canaccord Genuity restated a “buy” rating and set a $19.00 price target on shares of Cott Corporation in a research report on Monday, April 17th. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price target on shares of Cott Corporation in a research report on Monday, July 10th. Jefferies Group LLC restated a “hold” rating and set a $14.00 price target (up from $13.50) on shares of Cott Corporation in a research report on Monday, June 12th. Finally, ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.75.
Cott Corporation (NYSE:COT) opened at 15.18 on Tuesday. The firm’s 50-day moving average is $15.02 and its 200 day moving average is $13.14. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $16.93. The firm’s market capitalization is $2.11 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. Equities analysts predict that Cott Corporation will post ($0.01) earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Cott Corporation by 36.2% in the first quarter. FMR LLC now owns 9,745,914 shares of the company’s stock valued at $120,628,000 after buying an additional 2,591,155 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Cott Corporation by 157.3% in the second quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock valued at $58,889,000 after buying an additional 2,493,378 shares in the last quarter. Norges Bank acquired a new position in shares of Cott Corporation during the fourth quarter valued at about $24,080,000. Clearfield Capital Management LP acquired a new position in shares of Cott Corporation during the first quarter valued at about $19,174,000. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Cott Corporation during the second quarter valued at about $21,543,000.
About Cott Corporation
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.
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