BB&T Capital Mkts Initiates Coverage on Cabot (NYSE:CBT). What May be Next?

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Why Has BB&T Capital Mkts Given Cabot (NYSE:CBT) a $55.0 Price Target

In a recent research report finalized today, BB&T Capital Mkts analysts launched Cabot (NYSE:CBT) coverage with “Buy” rating, and a $55.0 target price.

From a total of 5 analysts covering Cabot (NYSE:CBT) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $55 while the lowest target price is $44. The mean of all analyst targets is $47.8 with a 17.77% above today’s ($42.03) stock price. Cabot was the topic of 4 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 11 with “Buy” rating.

Approximately 138,006 shares of stock traded hands. Cabot Corp (NYSE:CBT) has declined 3.23% since May 7, 2015 and is downtrending. It has underperformed by 1.29% the S&P500.

The overall sentiment of institutions has decreased to 0.82 in Q2 2015. Its down 0.42, from 1.24 in 2015Q2. The ratio dived, as 49 institutions have sold all the shares of Cabot Corp that they owned while 88 funds have taken shares off the table. 20 funds have purchased shares for the first time while 93 added to their positions. These institutions now hold 62.89 million shares or 15.87% more than the 54.28 million shares they owned in 2015Q2.

The Fund Cabot currently is holding shares equating to 7.54% of its total portfolio in Cabot Corp representing a total of 397,008 shares. Another fund,Proxima Capital Management Llc, is holding a total of 397,956 shares equating to 3.13% of their holdings. Additionally, Harvey Partners Llc has a 120,000 share stake in Cabot Corp which represents 2.35% of their total portfolio. The Fund, Deprince Race & Zollo Inc, based out of Florida, has also built up a stake in the stock, which represents a total of 1.63% of their total portfolio. Finally Snyder Capital Management L P, a fund which is based in the state of California reported a total holdings of 726,769 shares.

Cabot Corporation is a global specialty chemicals and performance materials company. The company has a market cap of $2.57 billion. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, inkjet colorants, aerogels and cesium formate drilling fluids. It currently has negative earnings. Cabot and its affiliates have manufacturing facilities and activities in the United States and approximately 20 other countries.

According to Zacks Investment Research, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release)” Get a free copy of the Zacks research report on Cabot Corp (CBT).

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