Cabot (NYSE:CBT – Get Rating) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat reports. The firm currently has a $90.00 price target on the specialty chemicals company’s stock, up from their previous price target of $80.00. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 27.39% from the company’s previous close.
Separately, StockNews.com assumed coverage on Cabot in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Cabot currently has an average rating of “Buy” and a consensus price target of $83.25.
Cabot Price Performance
CBT stock opened at $70.65 on Wednesday. Cabot has a 12-month low of $50.96 and a 12-month high of $78.62. The company has a market capitalization of $3.98 billion, a PE ratio of 19.63 and a beta of 1.39. The company has a current ratio of 1.65, a quick ratio of 1.05 and a debt-to-equity ratio of 1.06. The business’s fifty day moving average price is $69.12 and its 200 day moving average price is $69.69.
Institutional Investors Weigh In On Cabot
Cabot Company Profile
Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers reinforcing carbons 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.
- Get a free copy of the StockNews.com research report on Cabot (CBT)
- Verra Mobility Stock Has Returned Back to the Station
- Does ASML’s November Rally Have Staying Power?
- Is Advance Auto Parts a Buy After its Earnings Crash?
- BJ’s Wholesale Club: Beware The Sell-Side
- The Next Catalyst For Mullen Automotive Stock Is December 23rd
Receive News & Ratings for Cabot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot and related companies with MarketBeat.com's FREE daily email newsletter.