Cabot Corp (NYSE: CBT) stock enjoyed a major increase of 16.4% on 8/6/24. The shares closed at $101.20. Moreover, exceptionally high trading volume at 289% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.6% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Cabot has a neutral Appreciation Score of 42 but a good Power Rating of 84, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment