Cabot (NYSE:CBT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other research firms also recently commented on CBT. Zacks Investment Research downgraded shares of Cabot from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Jefferies Group reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cabot in a report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Cabot in a report on Wednesday, November 1st. SunTrust Banks raised shares of Cabot from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, Loop Capital began coverage on shares of Cabot in a report on Thursday, September 28th. They issued a “hold” rating and a $59.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.14.

Shares of Cabot (CBT) opened at $61.59 on Friday. Cabot has a 1 year low of $50.21 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.70. The firm has a market cap of $3,815.48, a P/E ratio of 16.17, a PEG ratio of 1.63 and a beta of 1.11.

Cabot (NYSE:CBT) last released its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $723.00 million for the quarter, compared to analyst estimates of $683.30 million. Cabot had a return on equity of 15.11% and a net margin of 8.87%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. research analysts expect that Cabot will post 3.79 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Cabot by 7.2% during the second quarter. BlackRock Inc. now owns 7,544,005 shares of the specialty chemicals company’s stock valued at $403,077,000 after acquiring an additional 505,594 shares during the period. LSV Asset Management boosted its holdings in shares of Cabot by 1.5% during the second quarter. LSV Asset Management now owns 3,059,449 shares of the specialty chemicals company’s stock valued at $163,466,000 after acquiring an additional 43,976 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Cabot by 9.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,780,692 shares of the specialty chemicals company’s stock valued at $99,363,000 after acquiring an additional 152,988 shares during the period. State Street Corp boosted its holdings in shares of Cabot by 5.1% during the second quarter. State Street Corp now owns 1,751,827 shares of the specialty chemicals company’s stock valued at $93,598,000 after acquiring an additional 84,905 shares during the period. Finally, Earnest Partners LLC boosted its holdings in shares of Cabot by 0.8% during the third quarter. Earnest Partners LLC now owns 1,504,122 shares of the specialty chemicals company’s stock valued at $83,930,000 after acquiring an additional 12,601 shares during the period. 84.83% of the stock is owned by institutional investors.

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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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