This is What Makes Cabot Corporation Stocks A Gamechanger?

A share price of Cabot Corporation [CBT] is currently trading at $73.80, up 0.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CBT shares have gain 3.16% over the last week, with a monthly amount glided 3.09%, and seem to be holding up well over a long-time horizon.

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On 10, November 2022, Cabot Corporation Board Declares Dividend. In a post published today on Yahoo Finance, On Thursday, November 10, 2022, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.37 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on December 9, 2022, to stockholders of record at the close of business on November 25, 2022.

From an analyst’s perspective:

Cabot Corporation [NYSE: CBT] stock has seen the most recent analyst activity on November 16, 2022, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $90 from $80. Previously, JP Morgan upgraded its rating to Overweight on July 23, 2021, and kept the price target unchanged to $62. On July 01, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $78 on the stock. Northcoast upgraded its rating to a Buy but stick to its price target of $73 on May 05, 2021. JP Morgan downgraded its rating to a Neutral and raised its price target to $38 on July 27, 2020. Northcoast downgraded its rating to Neutral for this stock on May 01, 2020. In a note dated April 03, 2020, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $26 to $31.

Cabot Corporation experienced fluctuations in its stock price throughout the past year between $50.96 and $78.62. Currently, Wall Street analysts expect the stock to reach $87.20 within the next 12 months. Cabot Corporation [NYSE: CBT] shares were valued at $73.80 at the most recent close of the market. An investor can expect a potential return of 18.16% based on the average CBT price forecast.

Analyzing the CBT fundamentals

During the last quarter, Cabot Corporation [NYSE:CBT] saw sales of 1.11 billion, an improvement of 25.30%. Gross Margin for this corporation currently stands at +20.48% with Operating Margin at +13.24%, Pretax Margin comes in at +7.75%, and Net Margin reading is +4.84%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.12 points at the first support level, and at 72.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.37, and for the 2nd resistance point, it is at 74.94.

Cabot Corporation [CBT] reported earnings per share of $1.73 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.56/share, meaning a difference of $0.17 and a surprise factor of 10.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.69 per share as compared to estimates of $1.42 per share, a difference of $0.27 representing a surprise of 19.00%.

Ratios To Look Out For

A current ratio of 1.70 is a noteworthy aspect of Cabot Corporation [NYSE:CBT]. Further, the Quick Ratio stands at 1.05, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 4.00 and the P/E (TTM) ratio is 20.40.

Transactions by insiders

Recent insider trading involved Kalita Karen A, SVP and General Counsel, that happened on Jun 06 when 4575.0 shares were sold. Senior Vice President, Kalkstein Hobart completed a deal on Jun 02 to sell 17235.0 shares. Meanwhile, Senior Vice President, CFO McLaughlin Erica sold 9122.0 shares on May 31.