StockNews.com Upgrades Cabot (NYSE:CBT) to "Buy"

StockNews.com upgraded shares of Cabot (NYSE:CBT - Free Report) from a hold rating to a buy rating in a report issued on Tuesday morning.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Mizuho dropped their price objective on shares of Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $97.00.

Cabot Stock Performance

NYSE:CBT traded down $1.45 during midday trading on Tuesday, reaching $78.39. The stock had a trading volume of 702,871 shares, compared to its average volume of 381,238. The stock has a market capitalization of $4.25 billion, a P/E ratio of 10.41, a PEG ratio of 0.74 and a beta of 1.04. Cabot has a 1-year low of $75.51 and a 1-year high of $117.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29. The firm's fifty day simple moving average is $84.85 and its 200-day simple moving average is $97.38.

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Cabot (NYSE:CBT - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. Cabot had a return on equity of 26.79% and a net margin of 10.60%. On average, equities research analysts forecast that Cabot will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 2.19%. Cabot's dividend payout ratio is currently 22.84%.

Institutional Trading of Cabot

A number of institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Cabot during the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in Cabot by 37.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company's stock valued at $74,000 after buying an additional 219 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cabot by 10.7% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company's stock valued at $123,000 after buying an additional 130 shares during the period. Manchester Capital Management LLC increased its position in shares of Cabot by 1,685.1% during the fourth quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company's stock worth $153,000 after acquiring an additional 1,584 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Cabot by 43.1% during the fourth quarter. KBC Group NV now owns 2,046 shares of the specialty chemicals company's stock worth $187,000 after acquiring an additional 616 shares during the period. 93.18% of the stock is owned by institutional investors.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.