Cabot Corporation (NYSE:CBT) Receives Average Rating of “Reduce” from Brokerages

Shares of Cabot Corporation (NYSE:CBT) have been assigned a consensus rating of “Reduce” from the five analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $66.3333.

Several research firms have recently commented on CBT. Mizuho boosted their target price on shares of Cabot from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. cut their price target on Cabot from $75.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, November 28th. UBS Group lowered their price objective on Cabot from $82.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Zacks Research lowered Cabot from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cabot in a research report on Monday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Gabelli Funds LLC raised its stake in shares of Cabot by 1.3% during the 3rd quarter. Gabelli Funds LLC now owns 13,570 shares of the specialty chemicals company’s stock valued at $1,032,000 after purchasing an additional 180 shares during the period. Franklin Resources Inc. grew its holdings in shares of Cabot by 1.7% during the second quarter. Franklin Resources Inc. now owns 10,551 shares of the specialty chemicals company’s stock worth $791,000 after purchasing an additional 181 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Cabot by 95.5% during the second quarter. Parkside Financial Bank & Trust now owns 387 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 189 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of Cabot by 4.2% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 5,000 shares of the specialty chemicals company’s stock worth $375,000 after purchasing an additional 200 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Cabot by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 14,558 shares of the specialty chemicals company’s stock valued at $1,107,000 after purchasing an additional 206 shares in the last quarter. 93.18% of the stock is owned by institutional investors.

Cabot Stock Up 0.5%

Shares of NYSE:CBT opened at $66.45 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.61. Cabot has a 52-week low of $58.33 and a 52-week high of $92.89. The business’s 50 day simple moving average is $64.99 and its two-hundred day simple moving average is $72.51. The firm has a market cap of $3.52 billion, a P/E ratio of 11.06, a PEG ratio of 3.46 and a beta of 0.90.

Cabot (NYSE:CBT) last issued its earnings results on Monday, November 3rd. The specialty chemicals company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.02). The firm had revenue of $899.00 million during the quarter, compared to the consensus estimate of $967.02 million. Cabot had a return on equity of 24.55% and a net margin of 8.91%.Cabot’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. As a group, research analysts forecast that Cabot will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.45 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.7%. Cabot’s dividend payout ratio is presently 29.95%.

About Cabot

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.