Cabot (NYSE:CBT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Cabot (NYSE:CBT – Get Rating) in a research note published on Thursday morning. The firm issued a buy rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Cabot from $80.00 to $87.00 and gave the company an overweight rating in a research report on Monday, February 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Cabot from a hold rating to a buy rating and lifted their price target for the company from $80.00 to $90.00 in a research report on Wednesday, November 16th. Credit Suisse Group initiated coverage on shares of Cabot in a research report on Monday, March 13th. They issued an outperform rating and a $94.00 price target for the company. Finally, Loop Capital lifted their price target on shares of Cabot from $98.00 to $113.00 and gave the company a buy rating in a research report on Monday, February 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of $96.00.

Cabot Trading Down 3.2 %

Shares of CBT stock opened at $71.77 on Thursday. The firm has a 50 day moving average price of $75.70 and a two-hundred day moving average price of $71.75. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $4.04 billion, a PE ratio of 11.77 and a beta of 1.36. Cabot has a 12-month low of $59.65 and a 12-month high of $83.74.

Cabot (NYSE:CBT – Get Rating) last issued its quarterly earnings data on Friday, February 10th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The firm had revenue of $965.00 million during the quarter, compared to the consensus estimate of $955.24 million. Cabot had a net margin of 8.15% and a return on equity of 32.03%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. As a group, analysts predict that Cabot will post 6.41 earnings per share for the current year.

Cabot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were paid a $0.37 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 2.06%. Cabot’s dividend payout ratio (DPR) is 24.26%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV bought a new position in Cabot in the third quarter valued at approximately $529,000. Sowell Financial Services LLC bought a new stake in shares of Cabot during the third quarter worth $1,353,000. Appian Way Asset Management LP grew its stake in shares of Cabot by 78.5% during the third quarter. Appian Way Asset Management LP now owns 312,536 shares of the specialty chemicals company’s stock worth $19,968,000 after buying an additional 137,470 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its stake in shares of Cabot by 100.8% during the third quarter. Pinkerton Retirement Specialists LLC now owns 11,113 shares of the specialty chemicals company’s stock worth $710,000 after buying an additional 5,578 shares during the last quarter. Finally, SIR Capital Management L.P. grew its stake in shares of Cabot by 327.2% during the third quarter. SIR Capital Management L.P. now owns 108,082 shares of the specialty chemicals company’s stock worth $6,905,000 after buying an additional 82,782 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

About Cabot

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Cabot Corp. is a global specialty chemicals and performance materials company. Its products are rubber and specialty grade carbon blacks, specialty compounds, fumed metal oxides, activated carbons, inkjet colorants, and aerogel. The company operates through the following segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions.