Cott Corporation (COT) Given “Buy” Rating at Royal Bank Of Canada

Cott Corporation (NYSE:COT) (TSE:BCB)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued on Friday, September 15th. They presently have a $20.00 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 33.87% from the stock’s previous close.

A number of other research firms have also recently weighed in on COT. BMO Capital Markets upped their price objective on shares of Cott Corporation from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $12.00 price objective on shares of Cott Corporation in a research report on Tuesday, July 25th. Jefferies Group LLC upped their price objective on shares of Cott Corporation from $14.00 to $14.25 and gave the stock a “hold” rating in a research report on Thursday, July 6th. Finally, ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given 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 a consensus price target of $16.75.

Cott Corporation (NYSE:COT) traded down 0.13% during trading on Friday, hitting $14.94. 1,203,291 shares of the company’s stock traded hands. The stock’s market cap is $2.08 billion. The company’s 50 day moving average is $15.38 and its 200-day moving average is $13.86. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $16.18.

Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $984.75 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, analysts predict that Cott Corporation will post ($0.01) earnings per share for the current year.

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In other news, Director Gregory R. Monahan sold 8,500 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $15.30, for a total transaction of $130,050.00. Following the sale, the director now owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason R. Ausher sold 5,800 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $15.35, for a total transaction of $89,030.00. Following the sale, the chief accounting officer now directly owns 20,770 shares in the company, valued at approximately $318,819.50. The disclosure for this sale can be found here. Company insiders own 2.06% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of COT. First Mercantile Trust Co. acquired a new stake in shares of Cott Corporation during the second quarter worth about $145,000. Teza Capital Management LLC acquired a new stake in Cott Corporation in the first quarter valued at approximately $177,000. Parametric Portfolio Associates LLC acquired a new stake in Cott Corporation in the first quarter valued at approximately $180,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in Cott Corporation in the second quarter valued at approximately $181,000.

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.

Analyst Recommendations for Cott Corporation (NYSE:COT)

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