Zacks Investment Research upgraded Cabot Corp (NYSE:CBT) to Hold in a statement released earlier today.
- Updated: November 28, 2016
Just yesterday Cabot Corp (NYSE:CBT) traded -0.56% lower at $51.47. CBT’s 50-day average is $51.08 and its two hundred day average is $49.08. With the last close up 4.86% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 379,781 shares of CBT changing hands over the typical 325,961
Zacks Investment Research has upgraded Cabot Corp (NYSE:CBT) to Hold in a report released on Monday November 28, 2016.
With a total market value of $0, Cabot Corp has price-earnings ratio of 21.85 with a one year low of $36.12 and a one year high of $53.88 .
A total of 6 brokerages have issued a ratings update on the company. 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 stock a underperform, and finally 0 firms rating the stock a sell with a one year target of $50.17.
Brief Synopsis 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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