ValuEngine Downgrades Cabot (NYSE:CBT) to Sell

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ValuEngine cut shares of Cabot (NYSE:CBT) from a hold rating to a sell rating in a research report report published on Friday, November 1st, ValuEngine reports.

Several other equities analysts have also commented on the company. TheStreet lowered Cabot from a b- rating to a c+ rating in a research report on Wednesday, August 14th. Robert W. Baird lowered Cabot from an outperform rating to a neutral rating and set a $45.00 target price on the stock. in a research report on Wednesday, October 16th. Northcoast Research set a $45.00 target price on Cabot and gave the company a buy rating in a research report on Wednesday, August 7th. UBS Group assumed coverage on Cabot in a research report on Thursday, October 10th. They issued a neutral rating and a $45.00 target price on the stock. Finally, Loop Capital lowered Cabot from a buy rating to a hold rating and dropped their price target for the company from $69.00 to $41.00 in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $44.67.

Cabot stock traded up $0.51 during midday trading on Friday, reaching $50.23. 422,399 shares of the company were exchanged, compared to its average volume of 359,349. The firm’s 50-day simple moving average is $44.94 and its 200-day simple moving average is $44.05. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 1.30 and a beta of 1.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.02. Cabot has a 1 year low of $37.11 and a 1 year high of $50.90.

Cabot (NYSE:CBT) last released its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.06). The company had revenue of $827.00 million for the quarter, compared to analyst estimates of $849.44 million. Cabot had a return on equity of 19.06% and a net margin of 4.70%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.00 earnings per share. On average, analysts forecast that Cabot will post 3.85 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. acquired a new stake in shares of Cabot in the third quarter valued at $36,000. Machina Capital S.A.S. lifted its holdings in shares of Cabot by 409.2% during the second quarter. Machina Capital S.A.S. now owns 998 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 802 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Cabot by 226.0% during the second quarter. Rehmann Capital Advisory Group now owns 1,089 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 755 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new stake in shares of Cabot during the second quarter valued at $57,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Cabot by 81.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,960 shares of the specialty chemicals company’s stock valued at $94,000 after purchasing an additional 879 shares during the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks 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 compounds of carbon black and rubber.

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Analyst Recommendations for Cabot (NYSE:CBT)

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