Cott Corporation (USA) (COT) was Resumed by JP Morgan to “Neutral” and the brokerage firm has set the Price Target at $17. JP Morgan advised their investors in a research report released on Jun 9, 2016.
Many Wall Street Analysts have commented on Cott Corporation (USA). Company shares were Reiterated by Jefferies on May 17, 2016 to “Hold”, Firm has raised the Price Target to $ 15.50 from a previous price target of $13 .Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .Cott Corporation (USA) was Downgraded by Stifel to ” Hold” on Apr 14, 2016.
On the company’s financial health, Cott Corporation (USA) reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.04. The company had revenue of $698.40 million for the quarter, compared to analysts expectations of $691.10 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.
Cott Corporation (USA) opened for trading at $15.43 and hit $16.29 on the upside on Tuesday, eventually ending the session at $16.14, with a gain of 10.17% or 1.49 points. The heightened volatility saw the trading volume jump to 20,84,713 shares. Company has a market cap of $1,980 M.
In a different news, on Feb 19, 2015, Steven Kitching (President-US Business Unit) sold 2,034 shares at $7.86 per share price. According to the SEC, 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.