Cabot Corporation with ticker code (CBT) have now 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 113 and 85 suggesting an average Analsyt target price of $93.00. Given that the stocks previous close was at $73.46 this is indicating there is a potential upside of 26.6%. It’s also worth noting that there is a 50 day moving average of $75.52 and the 200 moving average now moves to $71.27. The market cap for the company is $4,224m. You can visit the company’s website by visiting: https://www.cabotcorp.com
The potential market cap would be $5,347m based on the market consensus.
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. The company also provides specialty carbons for use in inks, coatings, cables, plastics, adhesives, toners, batteries, and displays applications; conductive carbon additives and fumed alumina used in lead acid and lithium-ion batteries for electric vehicles; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; and fumed alumina for use in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries. In addition, it offers aerogel, a hydrophobic, silica-based particle to use in various thermal insulation and specialty chemical applications; masterbatch and conductive compound products that are used in automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries; and inkjet colorants for inkjet printing applications. The company sells its products through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.
The company has a dividend yield of 2.01% with the ex dividend date set at 23-2-2023 (DMY).
Other points of data to note are a P/E ratio of 12.25, revenue per share of 76.59 and a 9.89% return on assets.
