Cabot (CBT) Lifted to “Buy” at SunTrust Banks

Cabot (NYSE:CBT) was upgraded by equities research analysts at SunTrust Banks to a “buy” rating in a report issued on Tuesday, The Fly reports. The brokerage presently has a $73.00 price target on the specialty chemicals company’s stock. SunTrust Banks’ price target suggests a potential upside of 8.57% from the stock’s previous close.

A number of other research analysts also recently issued reports on CBT. Loop Capital assumed coverage on shares of Cabot in a research note on Thursday, September 28th. They issued a “hold” rating and a $59.00 price target for the company. ValuEngine upgraded shares of Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Jefferies Group restated a “buy” rating and set a $74.00 price objective on shares of Cabot in a research report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Cabot in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Cabot from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.17.

Cabot (NYSE CBT) opened at $67.24 on Tuesday. Cabot has a 12 month low of $50.21 and a 12 month high of $67.45. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4,165.49, a P/E ratio of 17.65, a P/E/G ratio of 1.78 and a beta of 1.11.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). Cabot had a return on equity of 15.11% and a net margin of 8.87%. The firm had revenue of $723.00 million during the quarter, compared to analysts’ expectations of $683.30 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. equities research analysts forecast that Cabot will post 3.79 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. World Asset Management Inc increased its holdings in shares of Cabot by 0.5% in the 1st quarter. World Asset Management Inc now owns 4,333 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Cabot by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,118 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 33 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Cabot by 0.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,984 shares of the specialty chemicals company’s stock valued at $266,000 after acquiring an additional 45 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Cabot by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,772 shares of the specialty chemicals company’s stock valued at $492,000 after acquiring an additional 54 shares during the period. Finally, Bbva Compass Bancshares Inc. increased its holdings in shares of Cabot by 0.9% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 9,086 shares of the specialty chemicals company’s stock valued at $415,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

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About Cabot

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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Analyst Recommendations for Cabot (NYSE:CBT)

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