Cabot Corporation (NYSE: CBT) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – Cabot Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release) “
  • 7/31/2017 – Cabot Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Cabot Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Cabot Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release) “
  • 7/11/2017 – Cabot Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release) “
  • 7/6/2017 – Cabot Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/16/2017 – Cabot Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Cabot Corporation (CBT) opened at 52.53 on Tuesday. The company has a market capitalization of $3.27 billion, a PE ratio of 14.73 and a beta of 1.05. Cabot Corporation has a 1-year low of $47.99 and a 1-year high of $61.34. The company’s 50-day moving average price is $53.88 and its 200-day moving average price is $55.84.

Cabot Corporation (NYSE:CBT) last released its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The firm had revenue of $705 million for the quarter, compared to the consensus estimate of $664.16 million. Cabot Corporation had a net margin of 8.61% and a return on equity of 16.03%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, equities analysts expect that Cabot Corporation will post $3.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.26 annualized dividend and a dividend yield of 2.40%. Cabot Corporation’s dividend payout ratio is 35.29%.

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.

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