Cabot Corporation (CBT) Receiving Somewhat Favorable Press Coverage, Report Shows
Media coverage about Cabot Corporation (NYSE:CBT) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cabot Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 46.171905558782 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- BRIEF-Cabot Corp to reduce activated carbon manufacturing capacity in Marshall, Texas (CBT) (markets.businessinsider.com)
- Cabot Corporation (CBT) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Should Value Investors Pick Cabot Corporation (CBT) Stock Now? (finance.yahoo.com)
- Cabot Corporation to Reduce Activated Carbon Manufacturing Capacity in Marshall, Texas (finance.yahoo.com)
Several analysts have recently issued reports on CBT shares. BidaskClub raised Cabot Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised Cabot Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, July 11th. ValuEngine lowered Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. J P Morgan Chase & Co raised Cabot Corporation from a “neutral” rating to an “overweight” rating and set a $57.00 target price on the stock in a report on Tuesday, August 15th. Finally, Loop Capital started coverage on Cabot Corporation in a report on Thursday, September 28th. They set a “hold” rating and a $59.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.29.
Shares of Cabot Corporation (CBT) opened at 58.73 on Monday. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 16.45 and a beta of 1.09. Cabot Corporation has a 1-year low of $47.99 and a 1-year high of $61.34. The company has a 50-day moving average price of $54.92 and a 200 day moving average price of $54.48.
Cabot Corporation (NYSE:CBT) last posted its earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ 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 $705.00 million for the quarter, compared to analysts’ expectations of $664.16 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Cabot Corporation’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts predict that Cabot Corporation will post $3.44 EPS for the current year.
In other news, insider Hobart Kalkstein sold 3,881 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.39, for a total value of $207,206.59. Following the completion of the transaction, the insider now directly owns 27,736 shares in the company, valued at approximately $1,480,825.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.
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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.
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