NYSE:CBTCabot Stock Price, Forecast & News

$35.72

-0.81 (-2.22 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$35.60

Now: $35.72▼

$36.68

50-Day Range

$28.17

MA: $31.56▼

$37.72

52-Week Range

$20.00

Now: $35.72▼

$50.58

Volume358,060 shs

Average Volume464,666 shs

Market Capitalization$2.02 billion

P/E Ratio19.96

Dividend Yield3.92%

Beta1.76

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks 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 compounds of carbon black and rubber. It also provides specialty grades of carbon black used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications. In addition, the company offers activated carbon products used for the purification of water, air, food and beverages, pharmaceuticals, and other liquids and gases; and activated carbon solutions for activated carbon injection in coal-fired utilities, mobile water filter units, and carbon reactivation services. Further, it provides cesium formate brines used as a drilling and completion fluid primarily in high pressure and high temperature oil and gas well construction; and fine cesium chemicals used in a range of industries and applications that include catalysts, doping agents, and brazing fluxes. The company sells its products primarily 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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Cabot has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $38.63, Cabot has a potential upside of 8.1% from its current price of $35.72.
Amount of Analyst Coverage
Cabot has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Cabot has received 343 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cabot has received 417 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cabot has received 54.87% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cabot and other stocks. Vote “Outperform” if you believe CBT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CBT will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Cabot is a leading dividend payer. It pays a dividend yield of 3.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cabot has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Cabot is 35.81 %. 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 56.00 % next year. This indicates that Cabot will be able to sustain or increase its dividend.

1.0 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 2.08% of the stock of Cabot is held by insiders.
Percentage Held by Institutions
84.96% of the stock of Cabot is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Cabot are expected to grow by 32.98% in the coming year, from $1.88 to $2.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cabot is 19.96, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cabot is 19.96, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 21.88.
Price to Earnings Growth Ratio
Cabot has a PEG Ratio of 9.48. 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 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.31 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous chemical products

Sub-IndustryCommodity Chemicals

SectorBasic Materials

Current SymbolNYSE:CBT

Previous Symbol

CUSIP12705510

CIK16040

Webwww.cabot-corp.com

Phone617-345-0100

Debt

Debt-to-Equity Ratio1.15

Current Ratio2.08

Quick Ratio1.25

Price-To-Earnings

Trailing P/E Ratio19.96

Forward P/E Ratio19.00

P/E Growth9.48

Sales & Book Value

Annual Sales$3.34 billion

Price / Sales0.60

Cash Flow$6.58 per share

Price / Cash Flow5.43

Book Value$18.33 per share

Price / Book1.95

Profitability

EPS (Most Recent Fiscal Year)$3.91

Net Income$157 million

Net Margins3.38%

Return on Equity17.88%

Return on Assets6.57%

Miscellaneous

Employees4,500

Outstanding Shares56,450,000

Market Cap$2.02 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Cabot (NYSE:CBT) Frequently Asked Questions

How has Cabot's stock been impacted by COVID-19 (Coronavirus)?

Cabot's stock was trading at $29.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CBT shares have increased by 19.4% and is now trading at $35.72. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cabot?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cabot in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cabot.

When is Cabot's next earnings date?

Cabot is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Cabot.

How were Cabot's earnings last quarter?

Cabot Corp (NYSE:CBT) posted its quarterly earnings data on Monday, May, 11th. The specialty chemicals company reported $0.77 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.69 by $0.08. The specialty chemicals company earned $710 million during the quarter, compared to the consensus estimate of $752.33 million. Cabot had a net margin of 3.38% and a return on equity of 17.88%. Cabot's quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. View Cabot's earnings history.

How often does Cabot pay dividends? What is the dividend yield for Cabot?

Cabot declared a quarterly dividend on Friday, May 8th. Investors of record on Friday, May 29th will be given a dividend of $0.35 per share on Friday, June 12th. This represents a $1.40 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 28th. View Cabot's dividend history.

How will Cabot's stock buyback program work?

Cabot declared that its Board of Directors has initiated a stock repurchase plan on Monday, July 16th 2018, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 10.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for CBT?

9 analysts have issued 1-year price objectives for Cabot's shares. Their forecasts range from $31.00 to $52.00. On average, they expect Cabot's share price to reach $38.63 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price. View analysts' price targets for Cabot.

Has Cabot been receiving favorable news coverage?

Media stories about CBT stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cabot earned a news impact score of -1.0 on InfoTrie's scale. They also gave press coverage about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCabot.

Are investors shorting Cabot?

Cabot saw a increase in short interest in May. As of May 15th, there was short interest totaling 901,600 shares, an increase of 16.5% from the April 30th total of 774,100 shares. Based on an average trading volume of 434,500 shares, the short-interest ratio is currently 2.1 days. Approximately 1.6% of the company's shares are sold short. View Cabot's Current Options Chain.

Who are some of Cabot's key competitors?

Some companies that are related to Cabot include LyondellBasell Industries (LYB), Clarivate Analytics (CCC), Westlake Chemical (WLK), Kronos Worldwide (KRO), Tredegar (TG), Hawkins (HWKN), Koppers (KOP) and Trecora Resources (TREC). View all competitors.

What other stocks do shareholders of Cabot own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cabot investors own include Energy Transfer LP Unit (ET), Broadcom (AVGO), Pfizer (PFE), Intel (INTC), AT&T (T), Verizon Communications (VZ), Alibaba Group (BABA), Cisco Systems (CSCO), Chevron (CVX) and Walt Disney (DIS).

Who are Cabot's key executives?

Cabot's management team includes the following people:

Mr. Sean D. Keohane, Pres, CEO & Director (Age 52)
Ms. Erica McLaughlin, Sr. VP & CFO (Age 43)
Mr. Brian A. Berube, Sr. VP & Gen. Counsel (Age 57)
Mr. Hobart C. Kalkstein, Sr. VP, Pres of Reinforcement Materials Segment & Pres of Americas Region (Age 49)
Mr. Patrick M. Prevost, Advisor & Director (Age 64)

What is Cabot's stock symbol?

Cabot trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBT."

Who are Cabot's major shareholders?

Cabot's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.02%), Fuller & Thaler Asset Management Inc. (4.97%), Bank of New York Mellon Corp (4.04%), Wellington Management Group LLP (3.44%), Victory Capital Management Inc. (3.04%) and Victory Capital Management Inc. (3.04%). Company insiders that own Cabot stock include Brian A Berube, Hobart Kalkstein, James Patrick Kelly, Michael M Morrow, Nicholas S Cross, Patrick M Prevost and Sean D Keohane. View institutional ownership trends for Cabot.

Which major investors are selling Cabot stock?

CBT stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Principal Financial Group Inc., AJO LP, Bank of New York Mellon Corp, BlackRock Inc., Nuveen Asset Management LLC, Deutsche Bank AG, and UBS Group AG. View insider buying and selling activity for Cabot.

Which major investors are buying Cabot stock?

CBT stock was purchased by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Victory Capital Management Inc., Victory Capital Management Inc., Penn Capital Management Co. Inc., Deprince Race & Zollo Inc., Ensign Peak Advisors Inc, AQR Capital Management LLC, and Parametric Portfolio Associates LLC. View insider buying and selling activity for Cabot.

How do I buy shares of Cabot?

Shares of CBT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cabot's stock price today?

One share of CBT stock can currently be purchased for approximately $35.72.

How big of a company is Cabot?

Cabot has a market capitalization of $2.02 billion and generates $3.34 billion in revenue each year. The specialty chemicals company earns $157 million in net income (profit) each year or $3.91 on an earnings per share basis. Cabot employs 4,500 workers across the globe.

What is Cabot's official website?

The official website for Cabot is www.cabot-corp.com.

How can I contact Cabot?

Cabot's mailing address is TWO SEAPORT LANE SUITE 1300, BOSTON MA, 02210. The specialty chemicals company can be reached via phone at 617-345-0100 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff