Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cabot Corporation (CBT) Stock Price
Press coverage about Cabot Corporation (NYSE:CBT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 46.6919718318894 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Cabot Corporation (CBT) & Its Rivals Financial Contrast (americanbankingnews.com)
- Cabot Corporation Opens Asia Technology Center in Shanghai (finance.yahoo.com)
- Cabot Corporation : Elects New Member to the Board of Directors (4-traders.com)
- Cabot Corp (NYSE:CBT) Rating Reaffirmed by Analysts at KeyBanc Today (famososartistas.com)
- Martingale Asset Management LP Has $17.95 Million Position in Cabot Corporation (CBT) (wisdomsave.com)
Several equities research analysts have recently issued reports on CBT shares. Northcoast Research upgraded shares of Cabot Corporation from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a report on Wednesday, May 24th. BidaskClub upgraded shares of Cabot Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Cabot Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, July 11th. Jefferies Group LLC set a $68.00 target price on shares of Cabot Corporation and gave the stock a “buy” rating in a report on Thursday, June 8th. Finally, Aegis restated a “hold” rating on shares of Cabot Corporation in a report on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $60.50.
Shares of Cabot Corporation (CBT) opened at 53.30 on Friday. Cabot Corporation has a 12-month low of $47.99 and a 12-month high of $61.34. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 14.93 and a beta of 1.09. The stock has a 50 day moving average of $52.55 and a 200 day moving average of $54.85.
Cabot Corporation (NYSE:CBT) last announced its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.04). Cabot Corporation had a net margin of 8.61% and a return on equity of 16.03%. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $664.16 million. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts predict that Cabot Corporation will post $3.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, August 23rd. Cabot Corporation’s dividend payout ratio is currently 35.29%.
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Cabot Corporation 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.
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