Mizuho Cuts Cabot (NYSE:CBT) Price Target to $72.00

Cabot (NYSE:CBT) had its price target trimmed by Mizuho from $78.00 to $72.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

Other analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a research report on Wednesday, October 8th. Zacks Research lowered shares of Cabot from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, UBS Group reduced their price target on shares of Cabot from $82.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $74.00.

Cabot Stock Down 0.8%

NYSE:CBT opened at $59.74 on Monday. The company has a quick ratio of 1.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. Cabot has a 12-month low of $58.99 and a 12-month high of $115.16. The stock’s fifty day simple moving average is $70.28 and its 200-day simple moving average is $74.54. The firm has a market capitalization of $3.18 billion, a P/E ratio of 7.81 and a beta of 0.90.

Cabot (NYSE:CBT) last released its quarterly earnings data on Monday, November 3rd. The specialty chemicals company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.02). Cabot had a net margin of 11.14% and a return on equity of 25.68%. The company had revenue of $899.00 million during the quarter, compared to the consensus estimate of $967.02 million. During the same quarter in the prior year, the company posted $1.80 EPS. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. Equities research analysts expect that Cabot will post 7.57 earnings per share for the current year.

Cabot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. Cabot’s dividend payout ratio is presently 29.95%.

Institutional Trading of Cabot

A number of institutional investors have recently modified their holdings of CBT. Norges Bank bought a new position in shares of Cabot during the 2nd quarter worth approximately $51,710,000. AQR Capital Management LLC grew its position in Cabot by 123.0% in the second quarter. AQR Capital Management LLC now owns 867,946 shares of the specialty chemicals company’s stock valued at $65,096,000 after purchasing an additional 478,702 shares in the last quarter. LSV Asset Management increased its stake in Cabot by 318.0% in the 1st quarter. LSV Asset Management now owns 571,034 shares of the specialty chemicals company’s stock valued at $47,476,000 after buying an additional 434,434 shares during the last quarter. UBS Group AG lifted its position in Cabot by 186.7% during the 3rd quarter. UBS Group AG now owns 593,510 shares of the specialty chemicals company’s stock worth $45,136,000 after buying an additional 386,514 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Cabot by 13.2% during the 1st quarter. American Century Companies Inc. now owns 1,498,268 shares of the specialty chemicals company’s stock worth $124,566,000 after buying an additional 174,921 shares during the last quarter. 93.18% of the stock is currently owned by institutional investors.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.