Cabot Corp. Reaches New 12-Month High at $51.83 (CBT)
Cabot Corp. (NYSE:CBT)’s share price reached a new 52-week high during mid-day trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $51.83 and last traded at $50.68, with a volume of 43,457 shares traded. The stock had previously closed at $51.69.
Separately, analysts at Jefferies Group raised their price target on shares of Cabot Corp. from $57.00 to $61.00 in a research note to investors on Monday, January 6th. Three analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $45.17.
Cabot Corp. has a 52-week low of $32.13 and a 52-week high of $51.77. The stock’s 50-day moving average is $49.86 and its 200-day moving average is $44.01. The company has a market cap of $3.258 billion and a P/E ratio of 21.99.
Cabot Corp. (NYSE:CBT) last posted its quarterly earnings results 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. Analysts expect that Cabot Corp. will post $3.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of 0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, February 26th.
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company.
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