Cott Corporation (COT) Receives Coverage Optimism Rating of

Paterniano Del Favero
Luglio 25, 2017

COPYRIGHT VIOLATION WARNING: "Cott Corporation (NYSE:COT) PT Raised to $14.25" was first reported by Sports Perspectives and is the property of of Sports Perspectives. Aperio Group LLC now owns 154,101 shares of the company's stock valued at $2,225,000 after buying an additional 3,189 shares during the period. Renaissance Technologies LLC owned approximately 1.25% of Cott Corporation worth $21,513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can boosted its position in Cott Corporation by 1.0% in the second quarter. Clearbridge Investments LLC purchased a new position in shares of Cott Corporation during the first quarter valued at about $2,329,000. Norges Bank acquired a new position in shares of Cott Corporation during the fourth quarter worth $24,080,000. Kings Point Capital Management bought a new position in shares of Cott Corporation during the first quarter valued at approximately $570,000.

Cott Corporation Que (NYSE:COT) had an increase of 7.51% in short interest. Cibc Asset Management Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be bullish on the $61.59 billion market cap company.

The stock last traded at $14.73 which is a tad above the 50 day moving average of $14.37 and just a bit higher than the 200 day moving average of $12.56.

Cott Corporation (NYSE:COT) (TSE:BCB) last released its earnings results on Thursday, May 4th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by $0.04. The business had revenue of $896.40 million during the quarter, compared to analyst estimates of $909.19 million. Cott Corporation had a negative net margin of 3.23% and a positive return on equity of 1.58%. The firm's revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, equities analysts expect that Cott Corporation will post $0.17 EPS for the current fiscal year. Moreover, Walleye Trading Llc has 0% invested in Cott Corp (USA) (NYSE:COT) for 9,286 shares. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and global copyright legislation. The correct version of this news story can be read at https://www.baseball-news-blog.com/2017/07/24/renaissance-technologies-llc-has-21-51-million-stake-in-cott-corporation-cot-updated-updated.html.

12/22/2015 - Cott Corporation had its " rating reiterated by analysts at Canaccord Genuity. Jefferies Group LLC boosted their price objective on shares of Cott Corporation from $12.50 to $13.50 and gave the company a "hold" rating in a report on Wednesday, April 19th. ValuEngine raised shares of Cott Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a buy rating and set a $20.00 price target on shares of Cott Corporation in a research report on Friday, March 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Cott Corporation from a "buy" rating to a "hold" rating in a report on Monday, May 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cott Corporation now has a consensus rating of "Buy" and a consensus target price of $16.91.

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 transaction includes Cott's North America, U.K., and Mexico businesses, but does not include the RCI International cola division and its associated concentrate facility as well as the Aimia Foods division, which Cott acquired in May 2014.

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