Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cabot Corp (NYSE: CBT) weakened in recent days. CBT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Cabot Corp (NYSE: CBT) stock declined slightly by -0.8% on 10/1/24. The stock closed at $110.86. However, trading volume in this decline was exceptionally low at 41% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.4% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Cabot has a slightly negative Appreciation Score of 38 but a very high Power Rating of 87, leading to the High Neutral Value Trend Rating.
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