Shares of Cabot Corp (NYSE:CBT) have been given an average rating of “Buy” by the eleven analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $69.80.

A number of research analysts have commented on CBT shares. Jefferies Group reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cabot in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Cabot in a report on Wednesday, November 1st. Loop Capital began coverage on Cabot in a report on Thursday, September 28th. They set a “hold” rating and a $59.00 target price on the stock. ValuEngine raised Cabot from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, SunTrust Banks raised Cabot from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cabot by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,118 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 33 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cabot by 9.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,469 shares of the specialty chemicals company’s stock worth $132,000 after buying an additional 209 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Cabot by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,696 shares of the specialty chemicals company’s stock worth $999,000 after buying an additional 363 shares during the last quarter. Gratus Capital LLC lifted its position in shares of Cabot by 9.9% during the 3rd quarter. Gratus Capital LLC now owns 8,853 shares of the specialty chemicals company’s stock worth $494,000 after buying an additional 800 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Cabot by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 9,232 shares of the specialty chemicals company’s stock worth $515,000 after buying an additional 950 shares during the last quarter. 84.79% of the stock is currently owned by institutional investors.

Shares of Cabot (NYSE:CBT) traded up $1.07 during midday trading on Friday, reaching $67.58. The company’s stock had a trading volume of 235,500 shares, compared to its average volume of 424,538. The company has a current ratio of 1.70, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41. Cabot has a 52-week low of $50.21 and a 52-week high of $68.08. The firm has a market cap of $4,186.56, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.

Cabot (NYSE:CBT) last issued its quarterly earnings data on Tuesday, October 31st. The specialty chemicals company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). Cabot had a net margin of 8.87% and a return on equity of 15.11%. The firm had revenue of $723.00 million during the quarter, compared to analyst estimates of $683.30 million. During the same period in the prior year, the company earned $1.00 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. research analysts expect that Cabot will post 3.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, February 22nd. Cabot’s dividend payout ratio (DPR) is currently 33.07%.

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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.

Analyst Recommendations for Cabot (NYSE:CBT)

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