Cabot Corporation (NYSE:CBT) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Tuesday, Marketbeat reports.

CBT has been the topic of several other research reports. Zacks Investment Research lowered Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 5th. BidaskClub upgraded Cabot Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th. ValuEngine lowered Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC set a $68.00 target price on Cabot Corporation and gave the stock a “buy” rating in a report on Thursday, June 8th. Finally, Aegis reiterated a “hold” rating on shares of Cabot Corporation in a report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Cabot Corporation presently has an average rating of “Hold” and a consensus target price of $61.20.

Shares of Cabot Corporation (NYSE:CBT) traded up 0.98% on Tuesday, hitting $52.45. The company had a trading volume of 478,894 shares. The firm has a market capitalization of $3.26 billion, a P/E ratio of 14.69 and a beta of 1.05. The firm has a 50 day moving average of $53.46 and a 200-day moving average of $55.66. Cabot Corporation has a 12-month low of $47.99 and a 12-month high of $61.34.

Cabot Corporation (NYSE:CBT) last released its earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.04. Cabot Corporation had a return on equity of 16.03% and a net margin of 8.61%. The company had revenue of $705 million for the quarter, compared to the consensus estimate of $664.16 million. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts predict that Cabot Corporation will post $3.45 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cabot Corporation by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,469 shares of the specialty chemicals company’s stock valued at $132,000 after buying an additional 209 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Cabot Corporation by 344.9% in the first quarter. Tower Research Capital LLC TRC now owns 2,438 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 1,890 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in Cabot Corporation during the second quarter valued at about $155,000. Integrated Investment Consultants LLC raised its stake in Cabot Corporation by 66.1% in the second quarter. Integrated Investment Consultants LLC now owns 3,097 shares of the specialty chemicals company’s stock valued at $165,000 after buying an additional 1,233 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Cabot Corporation by 123.1% in the first quarter. Meeder Asset Management Inc. now owns 2,892 shares of the specialty chemicals company’s stock valued at $173,000 after buying an additional 1,596 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

About Cabot Corporation

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.

Analyst Recommendations for Cabot Corporation (NYSE:CBT)

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