Cabot Corporation (CBT) Receives Average Rating of “Hold” from Analysts

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Cabot Corporation (NYSE:CBT) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.80.

Several brokerages have recently issued reports on CBT. Zacks Investment Research upgraded shares of Cabot Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. Aegis began coverage on shares of Cabot Corporation in a report on Friday, January 13th. They issued a “hold” rating and a $59.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $60.00 target price on shares of Cabot Corporation in a report on Monday, November 7th. Finally, TheStreet cut shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 31st.

In other Cabot Corporation news, insider Hobart Kalkstein sold 4,890 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $51.80, for a total transaction of $253,302.00. Following the completion of the transaction, the insider now owns 28,745 shares in the company, valued at approximately $1,488,991. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gottberg Friedrich Von sold 19,553 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $51.05, for a total transaction of $998,180.65. Following the transaction, the insider now owns 26,207 shares of the company’s stock, valued at approximately $1,337,867.35. The disclosure for this sale can be found here. Corporate insiders own 2.48% of the company’s stock.

Read the source article at American Banking News