Cabot Corp (NYSE:CBT) – Northcoast Research issued their Q1 2020 EPS estimates for shares of Cabot in a report released on Wednesday, November 6th. Northcoast Research analyst K. Hocevar forecasts that the specialty chemicals company will earn $0.76 per share for the quarter. Northcoast Research currently has a “Buy” rating and a $45.00 price objective on the stock. Northcoast Research also issued estimates for Cabot’s Q2 2020 earnings at $0.96 EPS, Q3 2020 earnings at $1.03 EPS, Q4 2020 earnings at $1.11 EPS and FY2021 earnings at $4.35 EPS.
Cabot (NYSE:CBT) last released its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.06). The business had revenue of $827.00 million during the quarter, compared to the consensus estimate of $849.44 million. Cabot had a net margin of 4.70% and a return on equity of 19.06%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share.
Several other equities analysts have also recently issued reports on the company. TheStreet cut Cabot from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Robert W. Baird cut Cabot from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Wednesday, October 16th. Zacks Investment Research cut Cabot from a “hold” rating to a “sell” rating and set a $47.00 price target on the stock. in a report on Friday, October 25th. ValuEngine cut Cabot from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. cut Cabot from an “overweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $45.00 in a report on Wednesday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $44.67.
CBT stock opened at $50.23 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.52. Cabot has a 12-month low of $37.11 and a 12-month high of $50.90. The company has a current ratio of 2.02, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The stock’s 50 day simple moving average is $44.94 and its 200 day simple moving average is $44.05.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. bought a new position in shares of Cabot during the 3rd quarter valued at $36,000. Machina Capital S.A.S. lifted its holdings in shares of Cabot by 409.2% during the 2nd quarter. Machina Capital S.A.S. now owns 998 shares of the specialty chemicals company’s stock valued at $48,000 after buying an additional 802 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Cabot by 226.0% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,089 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 755 shares during the period. Coastal Investment Advisors Inc. bought a new position in shares of Cabot during the 2nd quarter valued at $57,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Cabot by 81.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,960 shares of the specialty chemicals company’s stock valued at $94,000 after buying an additional 879 shares during the period. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
Cabot Company Profile
Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks 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 compounds of carbon black and rubber.
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