Scotiabank Increases Cott (COT) Price Target to $19.00
A number of other equities analysts also recently weighed in on COT. Credit Suisse Group boosted their price target on Cott from $17.00 to $18.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Canaccord Genuity reissued a buy rating and set a $20.00 price target on shares of Cott in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $17.32.
Cott (NYSE:COT) opened at $15.69 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.01 and a debt-to-equity ratio of 1.76. Cott has a 12-month low of $10.44 and a 12-month high of $17.77.
Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of Cott by 349.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,475,003 shares of the company’s stock worth $24,575,000 after acquiring an additional 1,146,784 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Cott by 13.2% during the fourth quarter. Alliancebernstein L.P. now owns 6,144,469 shares of the company’s stock worth $102,367,000 after acquiring an additional 715,105 shares during the period. Bogle Investment Management L P DE bought a new stake in shares of Cott during the fourth quarter worth approximately $1,032,000. Investors Research Corp bought a new stake in shares of Cott during the fourth quarter worth approximately $338,000. Finally, Barometer Capital Management Inc. boosted its holdings in shares of Cott by 637.2% during the fourth quarter. Barometer Capital Management Inc. now owns 450,450 shares of the company’s stock worth $7,504,000 after acquiring an additional 389,350 shares during the period.
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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.
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