Cabot (CBT) Stock Rating Upgraded by Loop Capital
Loop Capital upgraded shares of Cabot (NYSE:CBT) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat.com reports. They currently have $82.00 price objective on the specialty chemicals company’s stock.
CBT has been the subject of a number of other research reports. Zacks Investment Research downgraded Cabot from a buy rating to a hold rating in a research note on Tuesday, November 7th. ValuEngine raised shares of Cabot from a hold rating to a buy rating in a research report on Sunday, December 31st. SunTrust Banks raised shares of Cabot from a hold rating to a buy rating in a research report on Tuesday, December 19th. Jefferies Group reissued a buy rating and set a $74.00 target price on shares of Cabot in a research report on Friday, November 3rd. Finally, KeyCorp reissued a hold rating on shares of Cabot in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Cabot currently has a consensus rating of Buy and an average target price of $64.43.
Cabot (NYSE:CBT) opened at $65.66 on Friday. The stock has a market capitalization of $4,070.00, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.70. Cabot has a 12 month low of $50.21 and a 12 month high of $65.91.
Cabot (NYSE:CBT) last released its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $723.00 million for the quarter, compared to analyst estimates of $683.30 million. Cabot had a net margin of 8.87% and a return on equity of 15.11%. Cabot’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. equities research analysts expect that Cabot will post 3.79 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Kennedy Capital Management Inc. bought a new position in shares of Cabot during the 2nd quarter worth approximately $1,846,000. Crossmark Global Holdings Inc. bought a new stake in shares of Cabot in the 3rd quarter worth approximately $330,000. Riverhead Capital Management LLC raised its holdings in shares of Cabot by 18.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 21,912 shares of the specialty chemicals company’s stock worth $1,171,000 after purchasing an additional 3,383 shares during the period. State Street Corp raised its holdings in shares of Cabot by 5.1% in the 2nd quarter. State Street Corp now owns 1,751,827 shares of the specialty chemicals company’s stock worth $93,598,000 after purchasing an additional 84,905 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cabot by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,443,849 shares of the specialty chemicals company’s stock worth $77,144,000 after purchasing an additional 103,005 shares during the period. 84.83% of the stock is currently owned by hedge funds and other institutional investors.
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Cabot 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.
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