Analysts Set Cabot Corp (CBT) Target Price at $72.33

Shares of Cabot Corp (NYSE:CBT) have been assigned an average rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $72.33.

Several research firms have recently commented on CBT. Northcoast Research set a $75.00 price objective on Cabot and gave the stock a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research upgraded Cabot from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Friday, February 9th. Jefferies Group reiterated a “buy” rating and set a $78.00 target price on shares of Cabot in a research report on Thursday, February 8th. ValuEngine upgraded Cabot from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks upgraded Cabot from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th.

Cabot (NYSE CBT) traded down $0.55 during midday trading on Tuesday, hitting $63.90. The stock had a trading volume of 397,924 shares, compared to its average volume of 500,178. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.02. Cabot has a 1 year low of $50.21 and a 1 year high of $68.63. The company has a market capitalization of $3,949.47, a P/E ratio of 18.15, a P/E/G ratio of 1.57 and a beta of 1.25.

Cabot (NYSE:CBT) last posted its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.78 by $0.15. Cabot had a return on equity of 15.01% and a net margin of 2.30%. The firm had revenue of $720.00 million for the quarter, compared to the consensus estimate of $653.54 million. During the same quarter last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. analysts forecast that Cabot will post 4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, February 22nd. Cabot’s dividend payout ratio is currently 128.57%.

Several large investors have recently added to or reduced their stakes in CBT. Citizens Financial Group Inc RI purchased a new stake in shares of Cabot during the fourth quarter worth about $142,000. Parametrica Management Ltd purchased a new position in Cabot during the 3rd quarter valued at approximately $217,000. Virginia Retirement Systems ET AL purchased a new position in Cabot during the 3rd quarter valued at approximately $218,000. Quadrature Capital Ltd purchased a new position in Cabot during the 4th quarter valued at approximately $219,000. Finally, State of Alaska Department of Revenue purchased a new position in Cabot during the 4th quarter valued at approximately $221,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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About Cabot

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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