Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Cabot Corp (NYSE: CBT) improved of late. CBT's current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Cabot Corp (NYSE: CBT) stock enjoyed a large increase of 2.5% on 12/1/23. The stock closed at $77.78. Moreover, trading volume in this advance was above average at 123% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.6% during the last week.
Current PriceTarget Research Rating
CBT's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Cabot has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing highly consistent signals. Cabot has a neutral Appreciation Score of 45 and a neutral Power Rating of 57, triggering the Neutral Value Trend Rating.