Cott Corp. (COT) Trading 3.8% Higher
Cott Corp. (NYSE:COT)’s share price traded up 3.8% during mid-day trading on Thursday . The company 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.
A number of equities analysts have issued reports on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Cott Corp. in a research note on Saturday, April 9th. BMO Capital Markets reiterated a “hold” rating on shares of Cott Corp. in a report on Wednesday, June 8th. Barclays PLC increased their target price on shares of Cott Corp. from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. Citigroup Inc. increased their target price on shares of Cott Corp. from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Cott Corp. in a report on Thursday, June 9th. They issued a “neutral” rating and a $17.00 target price on the stock. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $16.40.
The firm’s 50-day moving average price is $14.71 and its 200-day moving average price is $13.21. The firm’s market capitalization is $1.83 billion.
Cott Corp. (NYSE:COT) last posted its earnings results on Thursday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $698.40 million for the quarter, compared to the consensus estimate of $687.51 million. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, analysts forecast that Cott Corp. will post $0.31 EPS for the current year.
Other large investors have bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in 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 last quarter. Marshall Wace LLP raised its stake in 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 in the last quarter. Levin Capital Strategies L.P. raised its stake in Cott Corp. by 4.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 14,171,432 shares of the company’s stock worth $155,744,000 after buying an additional 573,348 shares in the last quarter. Victory Capital Management Inc. raised its stake in Cott Corp. by 24.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,457,543 shares of the company’s stock worth $27,008,000 after buying an additional 487,042 shares in the last quarter. Finally, Sabal Capital Management LLC purchased a new stake in Cott Corp. during the fourth quarter worth approximately $6,673,000.
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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