A share price of Cabot Corp. [CBT] is currently trading at $101.20, up 16.38%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CBT shares have gain 1.98% over the last week, with a monthly amount glided 13.02%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cabot Corp. [NYSE: CBT] stock has seen the most recent analyst activity on April 18, 2024, when Deutsche Bank downgraded its rating to a Hold. Previously, Mizuho started tracking the stock with Buy rating on March 27, 2024, and set its price target to $104. On January 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $87 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $80 on June 06, 2023. Credit Suisse initiated its recommendation with a Outperform and recommended $94 as its price target on March 13, 2023. Deutsche Bank upgraded its rating to Buy for this stock on November 16, 2022, and upped its price target to $90. In a note dated July 23, 2021, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $62.
Cabot Corp. experienced fluctuations in its stock price throughout the past year between $64.51 and $103.49. Currently, Wall Street analysts expect the stock to reach $99.5 within the next 12 months. Cabot Corp. [NYSE: CBT] shares were valued at $101.20 at the most recent close of the market. An investor can expect a potential drop of -1.68% based on the average CBT price forecast.
Analyzing the CBT fundamentals
Trailing Twelve Months sales for Cabot Corp. [NYSE:CBT] were 3.96B which represents 4.96% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.36 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 95.85 points at the first support level, and at 90.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.83, and for the 2nd resistance point, it is at 108.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cabot Corp. [NYSE:CBT] is 2.22. Also, the Quick Ratio is 1.45, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 4.12 and price to earnings (TTM) ratio is 11.96.
Transactions by insiders
Recent insider trading involved Kalkstein Hobart, Executive Vice President, that happened on May 16 ’24 when 12000.0 shares were sold. Executive Vice President, Kalkstein Hobart completed a deal on May 15 ’24 to sell 187.0 shares. Meanwhile, SVP and General Counsel Kalita Karen A sold 13764.0 shares on May 10 ’24.
