Cabot (CBT) Stock Price, News & Analysis

Company Overview

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. The company also provides specialty carbons for use in inks, coatings, plastics, adhesives, toners, batteries, and displays; conductive additives and fumed alumina used in lead acid and lithium-ion batteries for electric vehicles; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; and fumed alumina for use in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries. In addition, it offers aerogel, a hydrophobic, silica-based particle to use in various thermal insulation and specialty chemical applications; masterbatch and conductive compound products that are used in automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries; and inkjet colorants for inkjet printing applications. The company sells its products through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.

Key Stats

• Today's Range: $91.92 to $93.96
• 50-Day Range: $92.81 to $117.02
• 52-Week Range: $70.63 to $117.46
• Volume: 1.53 million shs
• Average Volume: 352,015 shs
• Market Capitalization: $5.03 billion
• P/E Ratio: 13.71
• Dividend Yield: 1.86%
• Price Target: $105.00
• Consensus Rating: Hold

Cabot Stock Analysis - MarketRank™

Cabot scored higher than 96% of companies evaluated by MarketBeat, and ranked 16th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Cabot has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Cabot has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 9.78%

Earnings Growth

Earnings for Cabot are expected to grow by 9.78% in the coming year, from $7.67 to $8.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cabot is 13.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cabot is 13.71, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.98.

Price to Earnings Growth Ratio

Cabot has a PEG Ratio of 0.90. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Cabot has a P/B Ratio of 3.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.27% of the float of Cabot has been sold short.

Short Interest Ratio / Days to Cover

Cabot has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in Cabot has recently decreased by 5.37%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Cabot pays a meaningful dividend of 1.66%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cabot has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Cabot is 25.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cabot will have a dividend payout ratio of 20.43% next year. This indicates that Cabot will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.5 / 5
• Environmental Score: -4.25

Percentage of Shares Shorted

4.27% of the float of Cabot has been sold short.

Short Interest Ratio / Days to Cover

Cabot has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in Cabot has recently decreased by 5.37%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.34

News Sentiment

Cabot has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Cabot this week, compared to 6 articles on an average week.

Search Interest

2 people have searched for CBT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

5 people have added Cabot to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cabot insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,751,534.00 in company stock.

Percentage Held by Insiders

Only 3.07% of the stock of Cabot is held by insiders.

Percentage Held by Institutions

93.18% of the stock of Cabot is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CBT Stock Analysis - Frequently Asked Questions

How have CBT shares performed this year?

Cabot's stock was trading at $83.50 at the beginning of the year. Since then, CBT stock has increased by 10.6% and is now trading at $92.39.
View the best growth stocks for 2024 here.

How were Cabot's earnings last quarter?

Cabot Co. (NYSE:CBT) announced its quarterly earnings results on Monday, November, 4th. The specialty chemicals company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by $0.01. Cabot's quarterly revenue was up 3.7% on a year-over-year basis.

Is Cabot doing a stock buyback?

Cabot's board initiated a stock buyback plan on Tuesday, December 3rd 2024, which authorizes the company to repurchase 10,000,000 shares, according to EventVestor. This authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Does Cabot have any subsidiaries?

Cabot subsidiaries include Shenzhen Sanshun Nano New Materials Co. Ltd, Tech Blend, Norit N.V., Oxonica, AP Materials, Superior MicroPowders, 8755329 Canada Inc., and others.

Who are Cabot's major shareholders?

Cabot's top institutional shareholders include Wellington Management Group LLP (8.19%), FMR LLC (4.13%), State Street Corp (3.82%) and Geode Capital Management LLC (2.34%). Insiders that own company stock include Sean D Keohane, Jeff Ji Zhu, Erica Mclaughlin, Hobart Kalkstein, Karen A Kalita and Lisa M Dumont.
View institutional ownership trends.

How do I buy shares of Cabot?

Shares of CBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cabot own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cabot investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 11/04/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Today: 12/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Miscellaneous chemical products
• Sub-Industry: Commodity Chemicals
• Current Symbol: NYSE:CBT
• CUSIP: 12705510
• CIK: 16040
• Web: www.cabot-corp.com
• Phone: (617) 345-0100
• Fax: 617-342-6103
• Employees: 4,200
• Year Founded: 1882

Price Target and Rating

• Average Stock Price Target: $105.00
• High Stock Price Target: $122.00
• Low Stock Price Target: $95.00
• Potential Upside/Downside: +13.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.74
• Trailing P/E Ratio: 13.71
• Forward P/E Ratio: 12.05
• P/E Growth: 0.9
• Net Income: $380 million
• Net Margins: 9.51%
• Pretax Margin: 13.24%
• Return on Equity: 26.60%
• Return on Assets: 10.99%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 2.08
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: $3.99 billion
• Price / Sales: 1.26
• Cash Flow: $8.82 per share
• Price / Cash Flow: 10.47
• Book Value: $29.00 per share
• Price / Book: 3.19

Miscellaneous

• Outstanding Shares: 54,394,000
• Free Float: 52,724,000
• Market Cap: $5.03 billion
• Optionable: Optionable
• Beta: 1.18