A number of other equities analysts also recently commented on COT. Zacks Investment Research upgraded Cott from a sell rating to a hold rating in a report on Tuesday, July 17th. Jefferies Financial Group restated a buy rating and set a $22.00 target price on shares of Cott in a report on Thursday, August 2nd. Finally, TD Securities started coverage on Cott in a report on Friday, August 17th. They set a buy rating for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $18.54.
Shares of Cott stock traded down $0.16 during midday trading on Friday, reaching $15.66. 1,210,784 shares of the company’s stock traded hands, compared to its average volume of 1,173,045. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 1.01. The company has a market cap of $2.13 billion, a PE ratio of 223.71 and a beta of 0.81. Cott has a 12 month low of $13.99 and a 12 month high of $17.77.
Cott (NYSE:COT) (TSE:BCB) last announced its earnings results on Thursday, November 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The business had revenue of $609.30 million for the quarter, compared to the consensus estimate of $603.37 million. Cott had a net margin of 18.64% and a return on equity of 1.92%. Cott’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. On average, research analysts anticipate that Cott will post 0.26 earnings per share for the current year.
In related news, Director Stephen Halperin sold 34,131 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $16.12, for a total transaction of $550,191.72. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at $1,612,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.06% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. grew its stake in Cott by 11.1% in the second quarter. Baird Financial Group Inc. now owns 35,212 shares of the company’s stock worth $583,000 after purchasing an additional 3,505 shares during the period. Bank of New York Mellon Corp grew its stake in Cott by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 134,836 shares of the company’s stock worth $2,231,000 after purchasing an additional 3,880 shares during the period. US Bancorp DE grew its stake 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 purchasing an additional 4,556 shares during the period. Verition Fund Management LLC grew its stake 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 purchasing an additional 7,320 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Cott in the third quarter worth $161,000.
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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