Stifel Nicolaus Downgrades Cott Corporation (USA) to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Cott Corporation (USA)(NYSE:COT). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Apr 14, 2016.

In a different note, On Jan 25, 2016, Jefferies said it Maintains its rating on Cott Corporation (USA). According to the research note, Jefferies Lowers the price target to $10.7 per share from a prior target of $11.5. The shares have been rated ‘Hold’ by the firm.

Cott Corporation (USA) (COT) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -0.30% at a volume of 4,22,606. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.7. The peak price level was also seen at $13.7 while the days lowest was $13.41. Finally the shares closed at $13.43. The 52-week high of the shares is $14.4699 while the 52-week low is $8.56. According to the latest information available, the market cap of the company is $1,476 M.

Cott Corporation (USA)(COT) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $698.80M. Analysts had an estimated revenue of $712.78M. Earnings per share were $0.03. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Feb 19, 2015, Steven Kitching (President-US Business Unit) sold 2,034 shares at $7.86 per share price.Also, On Feb 19, 2015, Stephen Corby (Managing Director UK Business) sold 771 shares at $7.86 per share price.On Feb 2, 2015, Gregory R Monahan (director) purchased 519 shares at $6.48 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company’s product lines include carbonated soft drinks (CSDs) 100% shelf stable juice and juice-based products clear still and sparkling flavored waters energy drinks and shots sports products new age beverages ready-to-drink teas and alcoholic beverages beverage concentrates liquid enhancers and freezables as well as hot chocolate coffee malt drinks creamers/whiteners and cereals. The Company’s has approximately 62 beverage manufacturing production distribution and fruit processing facilities.

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