Jefferies analyst Laurence Alexander reiterated a Buy rating on Cabot Corporation (CBT) on November 15 and set a price target of $69. The company’s shares opened today at $47, close to its 52-week low of $45.88.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 11.8% and a 61.5% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Sociedad Quimica Y Minera SA, GCP Applied Technologies, and Sherwin-Williams Company.
Currently, the analyst consensus on Cabot Corporation is a Strong Buy with an average price target of $74.50, implying a 58.5% upside from current levels. In a report issued on November 6, Loop Capital Markets also maintained a Buy rating on the stock with a $82 price target.
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The company has a one-year high of $68.63 and a one-year low of $45.88. Currently, Cabot Corporation has an average volume of 404.2K.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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Cabot Corp. engages in the provision of specialty chemicals and performance materials. It operates through the following segments: Reinforcement Materials, Performance Chemicals, Purification Solutions, and Specialty Fluids. The Reinforcement Materials segment involves the rubber blacks and elastomer composites product lines.
