Cabot (NYSE:CBT) Given New $80.00 Price Target at Mizuho

Cabot (NYSE:CBT) had its price objective raised by equities research analysts at Mizuho from $72.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price target would indicate a potential upside of 18.48% from the company’s previous close.

Other research analysts also recently issued reports about the stock. UBS Group lowered their price objective on shares of Cabot from $82.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on Cabot from $75.00 to $54.00 and set an “underweight” rating for the company in a report on Friday, November 28th. Finally, Zacks Research cut Cabot from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $66.33.

Cabot Stock Performance

Shares of CBT stock opened at $67.52 on Thursday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 3.56 and a beta of 0.90. Cabot has a 1-year low of $58.33 and a 1-year high of $100.83. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $65.61 and its 200-day simple moving average is $73.13.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Monday, November 3rd. The specialty chemicals company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.02). Cabot had a return on equity of 24.55% and a net margin of 8.91%.The business had revenue of $899.00 million for the quarter, compared to analyst estimates of $967.02 million. During the same quarter in the previous year, the business posted $1.80 earnings per share. The company’s revenue was down 10.2% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. On average, sell-side analysts predict that Cabot will post 7.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in Cabot in the 1st quarter worth approximately $12,365,000. Russell Investments Group Ltd. grew its holdings in Cabot by 84.3% during the first quarter. Russell Investments Group Ltd. now owns 61,657 shares of the specialty chemicals company’s stock valued at $5,126,000 after purchasing an additional 28,198 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cabot by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,426,693 shares of the specialty chemicals company’s stock worth $118,606,000 after buying an additional 108,397 shares during the last quarter. Brooklyn Investment Group grew its stake in Cabot by 1,553.7% in the 1st quarter. Brooklyn Investment Group now owns 678 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 637 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Cabot by 204.9% in the 1st quarter. Hsbc Holdings PLC now owns 71,238 shares of the specialty chemicals company’s stock worth $5,895,000 after acquiring an additional 47,871 shares during the period. Institutional investors and hedge funds own 93.18% of the company’s stock.

Cabot Company Profile

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.