Cott Corp. (COT) Trading 3.8% Higher
Cott Corp. (NYSE:COT)’s share price traded up 3.8% on Thursday . The stock traded as high as $14.83 and last traded at $14.82, with a volume of 749,756 shares changing hands. The stock had previously closed at $14.28.
Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Cott Corp. in a report on Thursday, June 9th. They set a “neutral” rating and a $17.00 price target for the company. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price target on shares of Cott Corp. in a report on Wednesday, June 29th. Zacks Investment Research downgraded Cott Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Jefferies Group reaffirmed a “hold” rating and set a $15.50 price target (up previously from $13.00) on shares of Cott Corp. in a report on Tuesday, May 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Cott Corp. in a report on Wednesday, June 8th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.40.
The company’s 50-day moving average price is $14.76 and its 200-day moving average price is $13.18. The company’s market capitalization is $1.80 billion.
Cott Corp. (NYSE:COT) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $698.40 million for the quarter, compared to the consensus estimate of $687.51 million. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. On average, analysts expect that Cott Corp. will post $0.31 EPS for the current year.
A number of large investors recently made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Cott Corp. by 17.2% in the fourth quarter. Bank of Montreal Can now owns 154,152 shares of the company’s stock valued at $1,694,000 after buying an additional 22,650 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cott Corp. by 18.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,520 shares of the company’s stock worth $2,193,000 after buying an additional 30,981 shares during the period. Marshall Wace LLP increased its position in shares of Cott Corp. by 107.4% in the fourth quarter. Marshall Wace LLP now owns 276,017 shares of the company’s stock worth $3,033,000 after buying an additional 142,921 shares during the period. Sabal Capital Management LLC acquired a new position in shares of Cott Corp. during the fourth quarter worth about $6,673,000. Finally, Gabelli Funds LLC increased its position in shares of Cott Corp. by 0.9% in the fourth quarter. Gabelli Funds LLC now owns 689,000 shares of the company’s stock worth $7,572,000 after buying an additional 6,000 shares during the period.
Cott Corporation, together with its consolidated subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates in three segments: North America, United Kingdom and All Other. The Company is also engaged in home and office bottled water and office coffee services distribution in the United States.
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