Cabot Corp. [CBT] stock prices are up 4.23% to $98.24 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CBT shares have gain 5.65% over the last week, with a monthly amount glided 12.78%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Cabot Corporation to Announce Second Quarter 2024 Operating Results. In a post published today on Yahoo Finance, Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the second quarter of fiscal 2024 on Monday, May 6, 2024, after market close. The Company will host a conference call and live webcast to review the second quarter results beginning at 8:00 am (ET) on Tuesday, May 7, 2024.
From an analyst’s perspective:
Cabot Corp. [NYSE: CBT] stock has seen the most recent analyst activity on March 27, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $104. Previously, UBS downgraded its rating to Neutral on January 08, 2024, and dropped its price target to $87. On June 06, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $80 on the stock. Credit Suisse started tracking the stock assigning a Outperform rating and suggested a price target of $94 on March 13, 2023. Deutsche Bank upgraded its rating to a Buy and raised its price target to $90 on November 16, 2022. JP Morgan upgraded its rating to Overweight for this stock on July 23, 2021, but kept the price target unchanged to $62. In a note dated July 01, 2021, Loop Capital upgraded an Buy rating on this stock but restated the target price of $78.
The stock price of Cabot Corp. [CBT] has been fluctuating between $63.73 and $94.85 over the past year. Currently, Wall Street analysts expect the stock to reach $104 within the next 12 months. Cabot Corp. [NYSE: CBT] shares were valued at $98.24 at the most recent close of the market. An investor can expect a potential return of 5.86% based on the average CBT price forecast.
Analyzing the CBT fundamentals
The Cabot Corp. [NYSE:CBT] reported sales of 3.92B for trailing twelve months, representing a drop of -0.73%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.37 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.99.
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 95.75 points at the first support level, and at 93.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.53, and for the 2nd resistance point, it is at 100.83.
Cabot Corp. [CBT] reported earnings per share of $1.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.49/share, meaning a difference of $0.07 and a surprise factor of 4.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.65 per share as compared to estimates of $1.48 per share, a difference of $0.17 representing a surprise of 11.50%.
Ratios To Look Out For
It’s worth pointing out that Cabot Corp. [NYSE:CBT]’s Current Ratio is 2.04. In addition, the Quick Ratio stands at 1.30 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 4.10 and price to earnings (TTM) ratio is 12.73.
Transactions by insiders
Recent insider trading involved Kalkstein Hobart, Executive Vice President, that happened on Mar 07 ’24 when 7648.0 shares were sold. President and CEO, Keohane Sean D completed a deal on Mar 01 ’24 to sell 17857.0 shares. Meanwhile, Executive Vice President Zhu Jeff Ji sold 55233.0 shares on Feb 13 ’24.
