Jefferies Group Sets Cabot Price Target at $53.00 (CBT)

By admin | 7 years ago

Equities research analysts at Jefferies Group (NYSE: JEF) lifted their price target on shares of Cabot (NYSE: CBT) to $53.00 in a research note issued to investors on Monday.

Cabot traded down 2.55% on Monday, hitting $41.58. Cabot has a 1-year low of $22.45 and a 1-year high of $44.97. The company has a market cap of $2.636 billion and a price-to-earnings ratio of 6.95.

Cabot last released its earnings data on Tuesday, May 1st. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.17. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Cabot will post $0.75 earnings per share next quarter.

Cabot Corporation (Cabot) is a global specialty chemicals and performance materials company. Its products include rubber and specialty grade carbon blacks, fumed metal oxides, tantalum and related products, inkjet colorants, aerogels and cesium formate drilling fluids.

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