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.
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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