Cabot Corp. PT Raised to $61.00 at Jefferies Group (CBT)
Analysts at Jefferies Group raised their price objective on shares of Cabot Corp. (NYSE:CBT) from $57.00 to $61.00 in a research report issued to clients and investors on Monday, ARN reports. Jefferies Group’s target price suggests a potential upside of 20.27% from the company’s current price.
Cabot Corp. (NYSE:CBT) traded down 0.65% during mid-day trading on Monday, hitting $50.72. The stock had a trading volume of 363,363 shares. Cabot Corp. has a 52-week low of $32.13 and a 52-week high of $51.72. The stock has a 50-day moving average of $49.4 and a 200-day moving average of $43.70. The company has a market cap of $3.251 billion and a P/E ratio of 21.71.
Cabot Corp. (NYSE:CBT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $898.00 million for the quarter, compared to the consensus estimate of $880.00 million. During the same quarter last year, the company posted $0.73 earnings per share. Cabot Corp.’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Cabot Corp. will post $3.64 earnings per share for the current fiscal year.
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company.
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