Cabot Corp (NYSE: CBT) has reported earnings for its second fiscal quarter (ending March 31) of $1.49 versus $1.31 for the same period a year ago — an increase of 14%. However, this result fell short of the consensus estimate of $2.11 by $-0.62. For the latest four quarters through March 31, E.P.S. were $7.94 versus $5.59 for the same period a year ago — an increase of 42%.
Recent Price Action
On 5/6/24, Cabot Corp (NYSE: CBT) stock increased 1.9%, closing at $95.94. Moreover, this advance was accompanied by unusually high trading volume at 158% of normal. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CBT is expected to continue to be a major Value Builder.
Cabot has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cabot has a slightly negative Appreciation Score of 39 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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