RBC Capital Sticks to Its Buy Rating for Cott Corp

By Jason Carr

RBC Capital analyst Nik Modi reiterated a Buy rating on Cott Corp (NYSE: COT) on September 14 and set a price target of $20. The company’s shares closed yesterday at $15.29, close to its 52-week high of $16.18.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 7.7% and a 68.1% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Energizer Holdings Inc.

Currently, the analyst consensus on Cott Corp is Moderate Buy and the average price target is $16.50, representing a 7.9% upside.

In a report issued on September 5, BMO Capital also reiterated a Buy rating on the stock with a $18 price target.

Based on Cott Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.01 billion and GAAP net loss of $24.6 million. In comparison, last year the company earned revenue of $765 million and had a net profit of $7.4 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

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Cott Corp. (Canada) engages in the manufacture, process, and distribution of beverages. It operates through the following segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.); and All Other. The Water & Coffee Solutions segment offers bottled water, coffee, tea, water dispensers, and filtration equipment.