In a report issued on November 9, Amit Sharma from BMO Capital reiterated a Buy rating on Cott Corp (COT), with a price target of $20. The company’s shares opened today at $15.21.
According to TipRanks.com, Sharma is a 4-star analyst with an average return of 10.4% and a 69.0% success rate. Sharma covers the Consumer Goods sector, focusing on stocks such as Monster Beverage Corp, Keurig Dr Pepper Inc, and Primo Water Corp.
Cott Corp has an analyst consensus of Strong Buy, with a price target consensus of $20, representing a 31.5% upside. In a report issued on November 9, Citigroup also maintained a Buy rating on the stock with a $19 price target.
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Based on Cott Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $9.4 million. In comparison, last year the company had a net profit of $42.5 million.
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Cott Corp. (Canada) engages in the manufacture, process, and distribution of beverages. It operates through the following business segments: Route Based Srevices; Coffee, Tea, and Extract Solutions; and All Other. The Route Based Srevices segment includes Aquaterra and Eden businesses.
