Cott Corp (COT) Receives $19.06 Consensus PT from Brokerages
Shares of Cott Corp (NYSE:COT) (TSE:BCB) have earned a consensus recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.06.
COT has been the subject of a number of research reports. Citigroup set a $19.00 target price on Cott and gave the company a “buy” rating in a research report on Friday, November 9th. BMO Capital Markets reiterated a “buy” rating and set a $20.00 target price on shares of Cott in a research report on Tuesday, November 13th. Zacks Investment Research downgraded Cott from a “hold” rating to a “sell” rating in a research report on Monday, July 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 target price on shares of Cott in a research report on Thursday, November 8th. Finally, TD Securities initiated coverage on Cott in a research report on Friday, August 17th. They set a “buy” rating for the company.
Shares of Cott stock traded up $0.12 on Friday, reaching $14.98. 25,127 shares of the stock were exchanged, compared to its average volume of 1,392,234. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.04. Cott has a twelve month low of $13.99 and a twelve month high of $17.77. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 213.29 and a beta of 0.81.
A number of institutional investors and hedge funds have recently modified their holdings of COT. US Bancorp DE lifted its position in Cott by 206.9% in the second quarter. US Bancorp DE now owns 6,758 shares of the company’s stock worth $112,000 after buying an additional 4,556 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cott in the third quarter worth $161,000. Verition Fund Management LLC lifted its position in Cott by 67.8% in the second quarter. Verition Fund Management LLC now owns 18,120 shares of the company’s stock worth $300,000 after buying an additional 7,320 shares during the last quarter. Virtu Financial LLC bought a new stake in Cott in the third quarter worth $311,000. Finally, PEAK6 Investments LLC bought a new stake in Cott in the third quarter worth $473,000.
Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.
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