Research analysts at Goldman Sachs reduced their price objective on shares of Cott (NYSE:COT) to $8.00 in a report released on Friday, Analyst Ratings.Net reports. Goldman Sachs’ price target points to a potential upside of 10.50% from the stock’s previous close.
Cott (NYSE:COT) opened at 7.24 on Friday. Cott has a 52-week low of $6.84 and a 52-week high of $8.97. The stock has a 50-day moving average of $8.1 and a 200-day moving average of $8.13. The company has a market cap of $682.8 million and a price-to-earnings ratio of 40.56.
Cott (NYSE:COT) last released its earnings data on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.05. The company had revenue of $475.00 million for the quarter, compared to the consensus estimate of $490.48 million. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that Cott will post $0.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, June 4th.
COT has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Cott from C$11.00 to C$10.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Cott from C$9.00 to C$8.25 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Cott from C$9.00 to C$8.50 in a research note on Thursday. They now have a “market perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.82.
Cott Corporation (NYSE:COT) is a non-alcoholic beverage company and a retailer brand soft drink provider.
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