Cabot Corp (NYSE:CBT) Receives $48.80 Consensus Target Price from Analysts

Cabot Corp (NYSE:CBT) has earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.80.

CBT has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Cabot from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, August 13th. TheStreet cut Cabot from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Northcoast Research set a $45.00 price objective on Cabot and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Loop Capital cut Cabot from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $69.00 to $41.00 in a research report on Monday, August 5th. Finally, Zacks Investment Research cut Cabot from a “hold” rating to a “sell” rating and set a $42.00 price objective for the company. in a research report on Friday, August 9th.

Cabot stock traded down $0.99 during midday trading on Friday, reaching $37.90. The company’s stock had a trading volume of 373,945 shares, compared to its average volume of 460,314. Cabot has a fifty-two week low of $37.11 and a fifty-two week high of $67.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.27 and a current ratio of 2.07. The stock’s 50 day simple moving average is $42.72 and its 200 day simple moving average is $44.36. The firm has a market capitalization of $2.25 billion, a PE ratio of 9.40, a P/E/G ratio of 0.98 and a beta of 1.48.

Cabot (NYSE:CBT) last released its earnings results on Monday, August 5th. The specialty chemicals company reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $845.00 million during the quarter, compared to the consensus estimate of $858.86 million. Cabot had a return on equity of 18.60% and a net margin of 6.49%. Cabot’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share. Equities analysts predict that Cabot will post 3.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, August 29th. Cabot’s dividend payout ratio is presently 34.74%.

A number of institutional investors have recently bought and sold shares of CBT. Investors Research Corp purchased a new stake in Cabot in the 1st quarter valued at about $30,000. Twin Tree Management LP acquired a new position in Cabot during the 1st quarter worth approximately $30,000. Synovus Financial Corp acquired a new position in Cabot during the 1st quarter worth approximately $30,000. Private Capital Group LLC lifted its position in Cabot by 238.6% during the 1st quarter. Private Capital Group LLC now owns 799 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 563 shares in the last quarter. Finally, Machina Capital S.A.S. lifted its position in Cabot by 409.2% during the 2nd quarter. Machina Capital S.A.S. now owns 998 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 87.45% of the company’s stock.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber.

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