Cabot Corp. (NYSE:CBT) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.00.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Cabot Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Jefferies Group restated a “buy” rating and issued a $60.00 price target on shares of Cabot Corp. in a research note on Tuesday, September 13th. TheStreet upgraded shares of Cabot Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Deutsche Bank AG lifted their price target on shares of Cabot Corp. from $48.00 to $52.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. Finally, SunTrust Banks Inc. lowered shares of Cabot Corp. from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Tuesday, August 2nd. They noted that the move was a valuation call.

Shares of Cabot Corp. (NYSE:CBT) traded up 0.33% on Monday, hitting $51.87. 134,303 shares of the stock traded hands. Cabot Corp. has a 12-month low of $35.46 and a 12-month high of $53.88. The firm has a market cap of $3.24 billion, a P/E ratio of 23.82 and a beta of 1.39. The firm’s 50-day moving average is $50.91 and its 200 day moving average is $48.23.

Cabot Corp. (NYSE:CBT) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $621 million for the quarter, compared to analyst estimates of $611.73 million. Cabot Corp. had a net margin of 5.68% and a return on equity of 13.91%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Cabot Corp. will post $3.08 EPS for the current fiscal year.

In other Cabot Corp. news, VP James Patrick Kelly sold 2,500 shares of Cabot Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $50.95, for a total value of $127,375.00. Following the completion of the transaction, the vice president now owns 24,585 shares of the company’s stock, valued at $1,252,605.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas S. Cross sold 21,584 shares of Cabot Corp. stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $50.56, for a total transaction of $1,091,287.04. Following the completion of the transaction, the insider now directly owns 54,274 shares of the company’s stock, valued at approximately $2,744,093.44. The disclosure for this sale can be found here. 2.48% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in Cabot Corp. by 16.8% in the first quarter. Aperio Group LLC now owns 24,345 shares of the company’s stock worth $1,177,000 after buying an additional 3,499 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Cabot Corp. by 27.8% in the first quarter. Loomis Sayles & Co. L P now owns 241,292 shares of the company’s stock worth $11,662,000 after buying an additional 52,468 shares in the last quarter. Wellington Management Group LLP increased its position in Cabot Corp. by 12.2% in the first quarter. Wellington Management Group LLP now owns 2,613,357 shares of the company’s stock worth $126,304,000 after buying an additional 285,118 shares in the last quarter. Riverhead Capital Management LLC increased its position in Cabot Corp. by 31.2% in the first quarter. Riverhead Capital Management LLC now owns 21,251 shares of the company’s stock worth $1,027,000 after buying an additional 5,051 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in Cabot Corp. by 36.8% in the first quarter. Panagora Asset Management Inc. now owns 807,237 shares of the company’s stock worth $39,014,000 after buying an additional 217,100 shares in the last quarter. 85.62% of the stock is owned by hedge funds and other institutional investors.

About Cabot Corp.

Cabot Corporation (Cabot) is a global specialty chemicals and performance materials company. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. The Company operates through four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids.

5 Day Chart for NYSE:CBT

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