The Cabot Corp (CBT) Stock Rating Reaffirmed by Aegis

The Cabot Corp (CBT) Stock Rating Reaffirmed by Aegis

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Cabot Corp from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Friday, April 28th. Northcoast Research upgraded shares of Cabot Corp from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Wednesday, May 24th. SunTrust Banks, Inc. started coverage on shares of Cabot Corp in a report on Tuesday, April 18th. They set a “buy” rating and a $56.00 price objective for the company. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price objective on shares of Cabot Corp in a report on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $61.00.

Cabot Corp (NYSE:CBT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Aegis in a research report issued on Wednesday.

Cabot Corp (NYSE:CBT) opened at 53.13 on Wednesday. The company’s 50 day moving average is $54.82 and its 200 day moving average is $55.32. Cabot Corp has a 12 month low of $42.27 and a 12 month high of $61.34. The stock has a market cap of $3.32 billion, a PE ratio of 14.22 and a beta of 1.21.

Cabot Corp (NYSE:CBT) last announced its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cabot Corp had a net margin of 8.68% and a return on equity of 16.25%. The company had revenue of $678 million during the quarter, compared to analyst estimates of $637.57 million. During the same quarter last year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, analysts anticipate that Cabot Corp will post $3.47 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $1.26 annualized dividend and a dividend yield of 2.37%. This is a positive change from Cabot Corp’s previous quarterly dividend of $0.30. Cabot Corp’s payout ratio is currently 36.14%.

Cabot Corp (NYSE:CBT) last announced its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cabot Corp had a net margin of 8.68% and a return on equity of 16.25%. The company had revenue of $678 million during the quarter, compared to analyst estimates of $637.57 million. During the same quarter last year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, analysts anticipate that Cabot Corp will post $3.47 EPS for the current fiscal year. Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in Cabot Corp by 344.9% in the first quarter. Tower Research Capital LLC TRC now owns 2,438 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 1,890 shares in the last quarter. Cantab Capital Partners LLP raised its stake in Cabot Corp by 3.9% in the fourth quarter. Cantab Capital Partners LLP now owns 3,360 shares of the specialty chemicals company’s stock valued at $170,000 after buying an additional 126 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Cabot Corp by 123.1% in the first quarter. Meeder Asset Management Inc. now owns 2,892 shares of the specialty chemicals company’s stock valued at $173,000 after buying an additional 1,596 shares in the last quarter. Timber Hill LLC acquired a new stake in Cabot Corp during the first quarter valued at approximately $201,000. Finally, Oxford Asset Management acquired a new stake in Cabot Corp during the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 86.29% of the company’s stock.

Cabot Corp Company Profile Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CBT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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