Northcoast Research Reiterates “$75.00” Price Target for Cabot (CBT)

Cabot (NYSE:CBT) has been assigned a $75.00 target price by equities research analysts at Northcoast Research in a report released on Monday. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Northcoast Research’s price target points to a potential upside of 18.71% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. KeyCorp reissued a “hold” rating on shares of Cabot in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and set a $74.00 price target on shares of Cabot in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Cabot from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. SunTrust Banks raised shares of Cabot from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, ValuEngine raised shares of Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $72.33.

Shares of Cabot (CBT) traded up $1.03 during midday trading on Monday, reaching $63.18. 140,742 shares of the company traded hands, compared to its average volume of 464,317. The stock has a market cap of $3,890.00, a price-to-earnings ratio of 64.23, a PEG ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.63. Cabot has a 12 month low of $50.21 and a 12 month high of $68.63.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.78 by $0.15. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $653.54 million. Cabot had a net margin of 2.30% and a return on equity of 15.01%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. research analysts predict that Cabot will post 4.02 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System lifted its position in Cabot by 4.4% during the 3rd quarter. California Public Employees Retirement System now owns 129,381 shares of the specialty chemicals company’s stock worth $7,219,000 after acquiring an additional 5,481 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Cabot in the third quarter valued at $330,000. New York State Common Retirement Fund lifted its holdings in shares of Cabot by 2.5% in the third quarter. New York State Common Retirement Fund now owns 454,431 shares of the specialty chemicals company’s stock valued at $25,357,000 after buying an additional 10,988 shares during the period. State Street Corp lifted its holdings in shares of Cabot by 5.1% in the second quarter. State Street Corp now owns 1,751,827 shares of the specialty chemicals company’s stock valued at $93,598,000 after buying an additional 84,905 shares during the period. Finally, Boston Partners lifted its holdings in shares of Cabot by 2.3% in the third quarter. Boston Partners now owns 218,116 shares of the specialty chemicals company’s stock valued at $12,171,000 after buying an additional 4,832 shares during the period. Institutional investors own 82.36% 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.

Analyst Recommendations for Cabot (NYSE:CBT)

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