Cott (COT) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Cott (NYSE:COT) (TSE:BCB) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “Cott Corporation is a North American and European water, coffee and coffee extracts, tea and filtration solutions service company. “

Several other brokerages have also weighed in on COT. Jefferies Financial Group restated a buy rating and issued a $21.00 price objective on shares of Cott in a report on Thursday, November 8th. Citigroup set a $19.00 price objective on Cott and gave the company a buy rating in a report on Friday, November 9th. BMO Capital Markets restated a buy rating and issued a $20.00 price objective on shares of Cott in a report on Tuesday, November 13th. Finally, ValuEngine lowered Cott from a strong-buy rating to a buy rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Cott presently has an average rating of Buy and a consensus price target of $18.76.

Shares of Cott stock traded up $0.28 during trading on Tuesday, hitting $15.20. The stock had a trading volume of 1,060,613 shares, compared to its average volume of 1,483,302. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 217.14 and a beta of 0.82. Cott has a fifty-two week low of $13.34 and a fifty-two week high of $17.34.

Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $609.30 million during the quarter, compared to analyst estimates of $603.37 million. Cott had a net margin of 17.03% and a return on equity of 1.77%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Analysts anticipate that Cott will post 0.24 earnings per share for the current fiscal year.

In related news, Director Graham W. Savage sold 7,879 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $14.98, for a total transaction of $118,027.42. Following the transaction, the director now directly owns 32,706 shares of the company’s stock, valued at $489,935.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Graham W. Savage sold 12,411 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $15.08, for a total value of $187,157.88. Following the transaction, the director now directly owns 40,585 shares in the company, valued at $612,021.80. The disclosure for this sale can be found here. Corporate insiders own 3.02% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. First Hawaiian Bank raised its position in Cott by 24.5% during the fourth quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock valued at $61,000 after buying an additional 865 shares during the period. Vanguard Group Inc increased its position in Cott by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 3,294,879 shares of the company’s stock worth $53,211,000 after purchasing an additional 85,590 shares during the last quarter. Marshall Wace LLP acquired a new position in Cott in the 3rd quarter worth about $7,974,000. Vanguard Group Inc. increased its position in Cott by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,294,879 shares of the company’s stock worth $53,211,000 after purchasing an additional 85,590 shares during the last quarter. Finally, NorthCoast Asset Management LLC acquired a new position in Cott in the 3rd quarter worth about $4,528,000.

Cott Company Profile

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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