Zacks Investment Research upgraded Cabot Corp (NYSE:CBT) to Hold in a report released today.
- Updated: September 22, 2016
Yesterday Cabot Corp (NYSE:CBT) traded 1.71% higher at $52.34. Cabot Corp’s 50-day average is $49.70 and its two hundred day average is $47.86. With the last stock price up 9.36% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 290,025 shares of CBT changing hands under the typical 321,027
Zacks Investment Research has upgraded Cabot Corp (NYSE:CBT) to Hold in a report released on 9/22/2016.
Recent Performance Chart
Cabot Corp has P/E ratio of 24.03 with a one year low of $30.70 and a one year high of $52.53 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 stock. The consensus target price is $50.17 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For 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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