In a report issued on July 9, Kevin Grundy from Jefferies reiterated a Buy rating on Cott Corp (NYSE: COT), with a price target of $22. The company’s shares closed yesterday at $16.75.
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.7% and a 68.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Monster Beverage Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cott Corp with a $20 average price target.
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Based on Cott Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $68 million. In comparison, last year the company had a GAAP net loss of $24.6 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.
