Cabot Co. (NYSE:CBT) Receives Average Recommendation of “Hold” from Analysts

Cabot Co. (NYSE:CBT) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $87.67.

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Cabot from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 14th. UBS Group downgraded shares of Cabot from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Mizuho assumed coverage on shares of Cabot in a research report on Wednesday, March 27th. They issued a “buy” rating and a $104.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Cabot from a “buy” rating to a “hold” rating in a research report on Thursday.

Insider Activity at Cabot

In other Cabot news, EVP Jeff Ji Zhu sold 55,233 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $79.91, for a total transaction of $4,413,669.03. Following the transaction, the executive vice president now owns 97,201 shares in the company, valued at $7,767,331.91. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Chesley Taft & Associates LLC acquired a new position in Cabot during the first quarter worth $203,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cabot by 12.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,924 shares of the specialty chemicals company’s stock worth $546,000 after acquiring an additional 656 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Cabot in the 1st quarter worth $279,000. Banque Cantonale Vaudoise grew its stake in shares of Cabot by 17.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 833 shares of the specialty chemicals company’s stock worth $77,000 after acquiring an additional 124 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Cabot by 1.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 10,851 shares of the specialty chemicals company’s stock worth $1,000,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

Cabot Stock Performance

Cabot stock traded up $0.18 during midday trading on Thursday, hitting $92.11. The company’s stock had a trading volume of 36,571 shares, compared to its average volume of 305,305. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.04 and a quick ratio of 1.30. The company has a 50-day moving average price of $87.85 and a two-hundred day moving average price of $79.41. Cabot has a 1-year low of $63.73 and a 1-year high of $98.34.

Cabot (NYSE:CBT) last posted its earnings results on Monday, February 5th. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Cabot had a net margin of 11.24% and a return on equity of 25.52%. The firm had revenue of $958.00 million for the quarter, compared to analyst estimates of $927.28 million. As a group, sell-side analysts predict that Cabot will post 6.58 earnings per share for the current year.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are 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 engineered elastomer composites solutions.