Jefferies Group LLC Increases Cott Corporation (NYSE:COT) Price Target to $14.25

Cott Corporation (NYSE:COT) (TSE:BCB) had its price target hoisted by investment analysts at Jefferies Group LLC from $14.00 to $14.25 in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 0.56% from the stock’s current price.

Several other brokerages also recently commented on COT. Zacks Investment Research downgraded shares of Cott Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 target price on shares of Cott Corporation in a research note on Friday, March 24th. ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Canaccord Genuity reissued a “buy” rating and issued a $19.00 target price on shares of Cott Corporation in a research note on Monday, April 17th. Finally, BMO Capital Markets upgraded shares of Cott Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $15.00 to $17.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cott Corporation currently has an average rating of “Buy” and a consensus price target of $16.91.

Shares of Cott Corporation (NYSE COT) traded up 1.62% on Thursday, hitting $14.40. The company’s stock had a trading volume of 258,191 shares. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $17.38. The stock’s 50 day moving average is $13.75 and its 200-day moving average is $12.18. The company’s market cap is $2.00 billion.

Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.04. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. The business had revenue of $896.40 million during the quarter, compared to analyst estimates of $909.19 million. During the same period in the previous year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. On average, equities research analysts anticipate that Cott Corporation will post $0.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Friday, June 2nd were issued a $0.06 dividend. This is a positive change from Cott Corporation’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, May 31st. Cott Corporation’s dividend payout ratio is currently -30.38%.

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Institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC raised its position in shares of Cott Corporation by 1.0% in the first quarter. Gabelli Funds LLC now owns 836,000 shares of the company’s stock valued at $10,333,000 after buying an additional 8,400 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Cott Corporation by 6.3% in the first quarter. Gamco Investors INC. ET AL now owns 900,700 shares of the company’s stock valued at $11,133,000 after buying an additional 53,000 shares in the last quarter. Swiss National Bank raised its position in shares of Cott Corporation by 1.6% in the first quarter. Swiss National Bank now owns 230,200 shares of the company’s stock valued at $2,849,000 after buying an additional 3,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 buying an additional 7,000 shares in the last quarter. Finally, Solaris Asset Management LLC raised its position in shares of Cott Corporation by 10.3% in the first quarter. Solaris Asset Management LLC now owns 20,900 shares of the company’s stock valued at $258,000 after buying an additional 1,950 shares in the last quarter.

Cott Corporation Company Profile

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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