NYSE:CBT

Cabot (CBT) Stock Forecast, Price & News

$69.27

-0.07 (-0.10%)

(As of 09/29/2023 ET)

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Today's Range: $68.87
▼
$70.20
50-Day Range: $67.04
▼
$74.12
52-Week Range: $60.50
▼
$83.74

Volume: 243,142 shs
Average Volume: 268,211 shs
Market Capitalization: $3.87 billion

P/E Ratio: 13.09
Dividend Yield: 2.31%
Price Target: $83.75

Cabot MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 20.9% Upside
$83.75 Price Target
Short Interest: Healthy
1.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -4.25
Upright™ Environmental Score
News Sentiment: 0.13
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.15%
From $5.20 to $6.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Basic Materials Sector

92nd out of 168 stocks

Miscellaneous Chemical Products Industry

4th out of 5 stocks

2.4

Analyst's Opinion

Consensus Rating
Cabot has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $83.75, Cabot has a forecasted upside of 20.9% from its current price of $69.27.
Amount of Analyst Coverage
Cabot has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.08% of the float of Cabot has been sold short.
Short Interest Ratio / Days to Cover
Cabot has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cabot has recently increased by 7.83%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Cabot pays a meaningful dividend of 2.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Cabot has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Cabot is 30.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cabot will have a dividend payout ratio of 25.40% next year. This indicates that Cabot will be able to sustain or increase its dividend.

0.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cabot has received a -74.23% net impact score from Upright. The largest negative impact of Cabot in category "GHG emissions" seems to be driven mostly by its "Hybrid composite structures", "Carbon black", and "Silica" products. See details.
Environmental Sustainability
The Environmental Impact score for Cabot is -4.25.

1.2

News and Social Media Coverage

News Sentiment
Cabot has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Cabot this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for CBT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Cabot to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cabot insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.70% of the stock of Cabot is held by insiders.
Percentage Held by Institutions
91.05% of the stock of Cabot is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Cabot are expected to grow by 21.15% in the coming year, from $5.20 to $6.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cabot is 13.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cabot is 13.09, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 95.81.
Price to Earnings Growth Ratio
Cabot has a PEG Ratio of 2.71. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cabot has a P/B Ratio of 3.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cabot (NYSE:CBT) Stock

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. The company also provides specialty carbons for use in inks, coatings, cables, plastics, adhesives, toners, batteries, and displays applications; conductive carbon additives and fumed alumina used in lead acid and lithium-ion batteries for electric vehicles; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; and fumed alumina for use in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries. In addition, it offers aerogel, a hydrophobic, silica-based particle to use in various thermal insulation and specialty chemical applications; masterbatch and conductive compound products that are used in automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries; and inkjet colorants for inkjet printing applications. The company sells its products through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.

CBT Price History

30 days | 90 days | 365 days | Advanced Chart

CBT Stock News Headlines

September 29, 2023 | stocknews.com

Are These 3 Chemical Stocks Hot Investments for October?

September 22, 2023 | msn.com

New Cabot Learning Federation school to be built on farmland

October 1, 2023 | Goldco (Ad)

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September 21, 2023 | stocknews.com

3 Chemical Stocks to Track for Potential Gains

September 18, 2023 | finance.yahoo.com

Cabot Corporation Enhances Circularity and Traceability Through ISCC PLUS Certification

September 12, 2023 | msn.com

Breaking down Browns’ Week 1 win vs. Bengals with Mary Kay Cabot, Fred Greetham on Tuesday’s Sports 4 CLE

September 12, 2023 | msn.com

Police: Man arrested for fatal shooting in Cabot

September 8, 2023 | msn.com

Parks Canada looking for coyote after cyclist attacked on Cabot Trail

October 1, 2023 | Goldco (Ad)

Ben Stein FREE Report: How Americans Are RUINING Retirement

September 8, 2023 | theglobeandmail.com

Coyote attacks cyclist along Cape Breton’s Cabot Trail, Parks Canada says

September 6, 2023 | msn.com

FEMA to close Cabot Disaster Recovery Center this week

September 6, 2023 | msn.com

FEMA Disaster Recovery Center in Cabot set to close Thursday

September 6, 2023 | finance.yahoo.com

Why Is Cabot (CBT) Up 2.2% Since Last Earnings Report?

August 29, 2023 | theglobeandmail.com

On the Cabot Trail, go for the lobster, beaches and friendly people, not the bumpy road

August 22, 2023 | prnewswire.com

Leading Innovators Propel Aerogel Market Growth: Companies Like Aspen Aerogels and Cabot Corporation at the Forefront

August 20, 2023 | finance.yahoo.com

Cabot Corporation (NYSE:CBT) Looks Interesting, And It's About To Pay A Dividend

August 15, 2023 | finance.yahoo.com

Cabot (CBT) Joins US Energy Department's Better Plants Program

August 15, 2023 | markets.businessinsider.com

Loop Capital Markets Reaffirms Their Buy Rating on Cabot (CBT)

August 11, 2023 | msn.com

Cabot urges driver awareness ahead of 2023-24 academic year

August 10, 2023 | msn.com

Heavy rains cause 'fairly severe' washouts along section of Cabot Trail

August 9, 2023 | seekingalpha.com

Cabot: The Low Upside Potential Discourages Purchases

August 8, 2023 | finance.yahoo.com

Cabot (CBT) Q3 Earnings & Revenues Miss Estimates, Fall Y/Y

August 8, 2023 | markets.businessinsider.com

Cabot Corp Q3 Profit Decreases, misses estimates

August 8, 2023 | msn.com

Compared to Estimates, Cabot (CBT) Q3 Earnings: A Look at Key Metrics

August 8, 2023 | finance.yahoo.com

Cabot Corp Reports Third Quarter Fiscal 2023 Results

August 8, 2023 | seekingalpha.com

Cabot Corporation 2023 Q3 - Results - Earnings Call Presentation

August 7, 2023 | msn.com

Charity Super.Mkt extends Cabot Circus pop-up following successful launch

See More Headlines

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CBT Company Calendar

Last Earnings: 8/07/2023
Ex-Dividend for 9/8 Dividend: 8/24/2023
Dividend Payable: 9/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous chemical products
Sub-Industry: Commodity Chemicals
Sector: Basic Materials
Current Symbol: NYSE:CBT
CUSIP: 12705510
CIK: 16040
Web: www.cabot-corp.com
Phone: (617) 345-0100
Fax: 617-342-6103
Employees: 4,200
Year Founded: 1882

Price Target and Rating

Average Stock Price Forecast: $83.75
High Stock Price Forecast: $103.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: +20.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.29
Trailing P/E Ratio: 13.09
Forward P/E Ratio: 13.32
P/E Growth: 2.71
Net Income: $209 million
Net Margins: 7.48%
Pretax Margin: 11.11%
Return on Equity: 25.98%
Return on Assets: 8.72%

Debt

Debt-to-Equity Ratio: 0.86
Current Ratio: 2.17
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $4.32 billion
Price / Sales: 0.90
Cash Flow: $8.97 per share
Price / Cash Flow: 7.72
Book Value: $18.33 per share
Price / Book: 3.78

Miscellaneous

Outstanding Shares: 55,940,000
Free Float: 54,427,000
Market Cap: $3.87 billion
Optionable: Optionable
Beta: 1.29

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Key Executives

Mr. Sean D. Keohane (Age 56)
Pres, CEO & Director
Comp: $3.18M

Ms. Erica J. McLaughlin (Age 46)
Exec. VP, CFO & Head of Corp. Strategy
Comp: $1.29M

Ms. Karen A. Kalita (Age 43)
Sr. VP & Gen. Counsel
Comp: $979.49k

Mr. Jeff Ji Zhu (Age 54)
Exec. VP and Pres of Performance Chemicals Segment & Asia Pacific Region
Comp: $2.1M

Mr. Hobart C. Kalkstein (Age 53)
Exec. VP and Pres of Reinforcement Materials Segment & Americas Region
Comp: $1.17M

Ms. Patricia Hubbard
Sr. VP & CTO

Mr. Steven J. Delahunt
VP of Investor Relations & Treasurer

Ms. Vanessa Craigie
Corp. Communications Director

Mr. Arthur T. Wood
Sr. VP & Chief HR Officer

Mr. Martin J. O'Neill
Sr. VP of Safety, Health and Environment & Chief Sustainability Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CBT Stock - Frequently Asked Questions

Should I buy or sell Cabot stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cabot in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CBT shares.
View CBT analyst ratings or view top-rated stocks.
What is Cabot's stock price forecast for 2023?: 4 equities research analysts have issued 1 year price objectives for Cabot's shares. Their CBT share price forecasts range from $70.00 to $103.00. On average, they anticipate the company's stock price to reach $83.75 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for CBT or view top-rated stocks among Wall Street analysts.
How have CBT shares performed in 2023?: Cabot's stock was trading at $66.84 on January 1st, 2023. Since then, CBT shares have increased by 3.6% and is now trading at $69.27.
View the best growth stocks for 2023 here.
Are investors shorting Cabot?: Cabot saw a increase in short interest in September. As of September 15th, there was short interest totaling 595,100 shares, an increase of 7.8% from the August 31st total of 551,900 shares. Based on an average trading volume of 286,900 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the shares of the stock are short sold.
View Cabot's Short Interest.
When is Cabot's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our CBT earnings forecast.
How were Cabot's earnings last quarter?: Cabot Co. (NYSE:CBT) released its quarterly earnings results on Monday, August, 7th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by $0.14. The specialty chemicals company had revenue of $968 million for the quarter, compared to analysts' expectations of $1.09 billion. Cabot had a net margin of 7.48% and a trailing twelve-month return on equity of 25.98%. The business's quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS.
How often does Cabot pay dividends? What is the dividend yield for Cabot?: Cabot declared a quarterly dividend on Friday, July 14th. Investors of record on Friday, August 25th will be given a dividend of $0.40 per share on Friday, September 8th. This represents a $1.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for CBT.
What ETFs hold Cabot's stock?: ETFs with the largest weight of Cabot (NYSE:CBT) stock in their portfolio include Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ).Global X Autonomous & Electric Vehicles ETF (DRIV).
Is Cabot a good dividend stock?: Cabot (NYSE:CBT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CBT will have a dividend payout ratio of 25.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CBT.

What guidance has Cabot issued on next quarter's earnings?: Cabot updated its FY 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of $5.13-$5.28 for the period, compared to the consensus estimate of $5.59. The company issued revenue guidance of -.
What is Sean Keohane's approval rating as Cabot's CEO?: 40 employees have rated Cabot Chief Executive Officer Sean Keohane on Glassdoor.com. Sean Keohane has an approval rating of 96% among the company's employees. This puts Sean Keohane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Cabot own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cabot investors own include Pfizer (PFE), Broadcom (AVGO), Energy Transfer (ET), AT&T (T), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Coca-Cola (KO).
What is Cabot's stock symbol?: Cabot trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBT."
How do I buy shares of Cabot?: Shares of CBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cabot's stock price today?: One share of CBT stock can currently be purchased for approximately $69.27.
How much money does Cabot make?: Cabot (NYSE:CBT) has a market capitalization of $3.87 billion and generates $4.32 billion in revenue each year. The specialty chemicals company earns $209 million in net income (profit) each year or $5.29 on an earnings per share basis.
How many employees does Cabot have?: The company employs 4,200 workers across the globe.
Does Cabot have any subsidiaries?: The following companies are subsidiares of Cabot: 8755329 Canada Inc., AHB Investments Limited, AP Materials, Aizu Holdings G.K., Altamira Carbon S.A. de C.V., Anglo Dutch Water Carbons Limited, Applied NanoStructured Solutions LLC, BCB Company, Beyond Lotus LLC, Black Rose Investments Limited, Botsel Limited, CDE Company, CMHC Inc., CS Cabot spol s.r.o., Cabot (Bermuda) Ltd., Cabot (China) Limited, Cabot (Malaysia) Sdn. Bhd., Cabot Activated Carbon B.V., Cabot Activated Carbon Holdings UK Limited, Cabot Activated Carbon LLC, Cabot Activated Carbon UK Limited, Cabot Aerogel GmbH, Cabot Argentina S.A.I.C., Cabot Asia Investments Corporation, Cabot Asia Kumiai, Cabot Asia Sdn. Bhd., Cabot B.V., Cabot Bluestar Chemical (Jiangxi) Co. Ltd., Cabot Brasil Industria e Comércio Ltda., Cabot CSC LLC, Cabot Canada Ltd., Cabot Carbon Limited, Cabot Carbone S.A.S., Cabot Ceramics Inc., Cabot Chemical (Tianjin) Co. Ltd., Cabot Colombiana S.A., Cabot Corporation Foundation Inc., Cabot Czech Holding Company s.r.o., Cabot Europe Limited, Cabot Finance B.V., Cabot France S.A.S., Cabot G.B. Limited, Cabot Germany, Cabot HengYeCheng Performance Materials (Inner-Mongolia) Company Limited, Cabot Holdings I GmbH, Cabot Holdings II GmbH, Cabot Holdings LLC, Cabot India Limited, Cabot Insurance Co. Ltd. (Vermont), Cabot International Capital Corporation, Cabot International GmbH, Cabot International Limited, Cabot International Services Corporation, Cabot Italiana S.p.A., Cabot Japan K.K., Cabot Korea Y.H., Cabot Luxembourg Holdings S.a.r.l., Cabot Luxembourg Investments S.a.r.l., Cabot Luxembourg TC S.a.r.l., Cabot Materials Research Sdn Bhd., Cabot NHUMO Holding S.A.P.I. de C.V., Cabot NHUMO Holdings I S.a.r.l., Cabot Norit (UK) Limited, Cabot Norit Americas Inc., Cabot Norit Canada Inc., Cabot Norit Italia S.p.A., Cabot Norit Japan Co. Ltd., Cabot Norit Nederland B.V., Cabot Norit Singapore Pte. Ltd., Cabot Norit Technology B.V., Cabot Performance Materials (Shenzhen) Co. Ltd., Cabot Performance Materials (Xuzhou) Co. Ltd. (fka NSCC Carbon (Jiangsu) Co. Ltd.), Cabot Performance Materials (Zhuhai) Co. Ltd., Cabot Performance Materials Belgium S.P.R.L., Cabot Performance Materials Italy S.r.l, Cabot Performance Materials Netherlands B.V., Cabot Performance Materials UK Limited, Cabot Performance Products (Tianjin) Co. Ltd., Cabot Performance Products FZE, Cabot Plastics Belgium S.A., Cabot Plastics Canada LP, Cabot Plastics Hong Kong Limited, Cabot Plastics Limited, Cabot Risun Chemical (Xingtai) Co. Ltd., Cabot S.A., Cabot Singapore Pte. Ltd., Cabot Specialty Chemicals Inc., Cabot Specialty Chemicals Mexico S.A.P.I. de C.V., Cabot Specialty Fluids North Sea Limited, Cabot Supermetals K.K., Cabot Switzerland GmbH, Cabot Trading (Shanghai) Company Ltd., Cabot Turkey Performans Malzemeleri Anonim Şirketi, Cabot U.K. Limited, Cabot UK Holdings II Limited, Cabot UK Holdings III Limited, Cabot UK Holdings Limited, Dragón Verde Investments Limited, Eco-Cabot Activated Carbon Ptd. Ltd., Energy Transport Limited LLC, HDF Investments Limited, Kawecki Chemicals Inc., Mexico Reinforcement Materials S.A.P.I. de C.V., N.V. Norit Belgium, Norit (UK) Holding Limited, Norit Americas Holding Inc., Norit China Limited, Norit EAPA Holding B.V., Norit Holding B.V., Norit International B.V., Norit N.V., Norit Real Estate B.V., Northeast Boulevard LLC, Oxonica, P.T. Cabot Indonesia, PT Cabot Asia Pacific South, Purton Carbons Limited, Ramaai Holdings Limited, Representaciones 1 2 y 3 C.A., SIA Cabot Latvia, Shanghai Cabot Chemical Company Ltd., Shenzhen Sanshun Nano New Materials Co. Ltd, Superior MicroPowders, Tech Blend, Tech Blend Corp., and Valores Ramaai C.A..
Read More
How can I contact Cabot?: Cabot's mailing address is TWO SEAPORT LANE SUITE 1300, BOSTON MA, 02210. The official website for the company is www.cabot-corp.com. The specialty chemicals company can be reached via phone at (617) 345-0100, via email at steve.delahunt@cabotcorp.com, or via fax at 617-342-6103.

This page (NYSE:CBT) was last updated on 10/1/2023 by MarketBeat.com Staff

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