Cabot Corporation (NYSE:CBT) was upgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Northcoast Research upgraded shares of Cabot Corporation from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Wednesday, May 24th. Zacks Investment Research cut shares of Cabot Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. SunTrust Banks, Inc. assumed coverage on shares of Cabot Corporation in a research note on Tuesday, April 18th. They issued a “buy” rating and a $56.00 price objective for the company. BidaskClub upgraded shares of Cabot Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC set a $68.00 price objective on shares of Cabot Corporation and gave the stock a “buy” rating in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $61.20.

Shares of Cabot Corporation (NYSE:CBT) opened at 51.94 on Tuesday. The company has a market cap of $3.23 billion, a PE ratio of 14.55 and a beta of 1.05. The company has a 50-day moving average of $53.46 and a 200-day moving average of $55.66. Cabot Corporation has a 1-year low of $47.99 and a 1-year high of $61.34.

Cabot Corporation (NYSE:CBT) last issued its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.04. Cabot Corporation had a return on equity of 16.03% and a net margin of 8.61%. The business had revenue of $705 million during the quarter, compared to analyst estimates of $664.16 million. During the same quarter last year, the firm earned $0.93 EPS. Cabot Corporation’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts forecast that Cabot Corporation will post $3.45 EPS for the current year.

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Several large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. raised its stake in shares of Cabot Corporation by 166.7% in the first quarter. Fox Run Management L.L.C. now owns 12,800 shares of the specialty chemicals company’s stock valued at $767,000 after buying an additional 8,000 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Cabot Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the specialty chemicals company’s stock valued at $941,000 after buying an additional 300 shares during the period. James Investment Research Inc. bought a new stake in shares of Cabot Corporation during the first quarter valued at about $304,000. Nationwide Fund Advisors raised its stake in shares of Cabot Corporation by 0.4% in the first quarter. Nationwide Fund Advisors now owns 106,934 shares of the specialty chemicals company’s stock valued at $6,406,000 after buying an additional 458 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Cabot Corporation by 188.2% in the first quarter. Acadian Asset Management LLC now owns 138,555 shares of the specialty chemicals company’s stock valued at $8,303,000 after buying an additional 90,484 shares during the period. 84.76% of the stock is currently owned by institutional investors.

About Cabot Corporation

Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.

The Fly

Analyst Recommendations for Cabot Corporation (NYSE:CBT)

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