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COT

Cott Corp.

$15.40

-0.14 (-0.90%)

06:55
08/03/17
08/03
06:55
08/03/17
06:55

Cott Corp. sees FY19 cash flow from ops $265M-$270M

Cott says: "Our traditional manufacturing business will be accounted for as an asset held for sale beginning in the third quarter and all of its results from operations will be presented as discontinued operations and excluded from our continuing operating income and continuing operating cash flow. Until the sale of the traditional manufacturing business closes and we use the proceeds to repay certain outstanding indebtedness, interest expense associated with debt to be redeemed may be incorporated into our continuing operating results. This accounting methodology will impact our 2017 and possibly 2018 reported results. Assuming that the sale of our traditional manufacturing business closes as expected, we are targeting full year 2019 cash flow provided by operations of approximately $265 to $270 million and capital expenditures of $115 to $120 million, resulting in adjusted free cash flow of approximately $150 million."

  • 03

    Aug

  • 22

    Aug

COT Cott Corp.
$15.40

-0.14 (-0.90%)

07/10/17
RBCM
07/10/17
NO CHANGE
RBCM
Cott Corp. could be acquired for $22 per share, says RBC Capital
After Bloomberg reported that Refresco Group could buy Cott, RBC Capital analyst Nik Modi says that acquiring Cott's traditional business would enable Refresco to get closer to its strategic goal " of being a global independent bottler for A-brands and private label customers." The analyst says that Refresco could buy all of Cott for $22 per share, in a deal that would be significantly dilutive to it. Or it could buy only Cott's traditional business, which would allow Cott to reduce its leverage by three times. Finally, Refresco could sell only its U.K. traditional business, which would lower its net debt to EBITDA leverage by 0.6 times. The analyst remains upbeat on Cott's fundamentals and keeps a $20 price target and an Outperform rating on the shares. .
06/07/17
06/07/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ormat Technologies (ORA) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster saying he believes the company is well positioned to continue posting revenue growth and margin expansion over the next few years. 2. Tenet (THC) upgraded to Outperform from Market Perform at Leerink. 3. Cott Corp. (COT) and Dr Pepper Snapple (DPS) were upgraded to Outperform from Market Perform at BMO Capital. 4. Sun Life Financial (SLF) upgraded to Outperform from Sector Perform at RBC Capital with analyst Darko Mihelic saying net flows and Assets Under Management at the company's MFS unit have improved over the last two months. He also notes that the stock has fallen about 12% since February. 5. Valvoline (VVV) upgraded to Buy from Neutral at Seaport Global with analyst Michael Harrison saying he expects the oil market to return to looser supply/demand and pricing to decline in the summer once Motiva completes its Port Arthur, TX turnaround in June, which would be a positive for Valvoline margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/17
BMOC
06/07/17
UPGRADE
BMOC
Outperform
Cott Corp. upgraded on valuation, earnings outlook at BMO Capital
As noted earlier, BMO Capital upgraded Cott (COTT) to Outperform from Market Perform. Analyst Amit Sharma upgraded the stock based on valuation and his belief that its "attractive earnings growth outlook" makes its stock more likely to rise than a number of its peers' shares. He says that the improved visibility of the company's HOD water/coffee business makes him more confident that it can lower its exposure to structurally challenged beverage areas. He adds that this development can enable its cash flow to rise by at least 10% over the next 2-3 years.
06/07/17
BMOC
06/07/17
UPGRADE
BMOC
Outperform
Cott Corp. upgraded to Outperform from Market Perform at BMO Capital

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