Cabot Corp (NYSE:CBT) target price raised to $57.00, reported today by Zacks Investment Research
- Updated: October 15, 2016
Just yesterday Cabot Corp (NYSE:CBT) traded 0.69% higher at $51.30. Cabot Corp’s 50-day moving average is $51.06 and its 200-day moving average is $48.31. The last stock price is up 5.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 275,438 shares of CBT traded hands, down from an average trading volume of 322,480
Cabot Corp (NYSE:CBT) had its target price raised to $57.00 by Zacks Investment Research in a report issued 10/12/2016. The updated stock price target implies a possible upside of 0.11% based on the company's previous stock price.
Recent Performance Chart
Cabot Corp has 52 week low of $35.46 and a 52 week high of $53.88 with a PE ratio of 23.30 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $50.17 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About Cabot Corp (NYSE:CBT)
Cabot Corporation (Cabot) is a global specialty chemicals and performance materials company. The Company's principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. The Company operates through four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids. The Reinforcement Materials segment includes rubber blacks products, which are used in tires and industrial products. The Company's Performance Chemicals consists of two businesses: Specialty Carbons and Formulations business, and Metal Oxides business. The Purification Solutions segment includes activated carbon products, which are used as either a colorant or a decolorizing agent in the production of products for food and beverage applications. The Company's Specialty Fluids segment produces and markets cesium formate as a drilling and completion fluid.
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