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
NEW YORK, Jan. 12, 2017 /PRNewswire/ — Trends, opportunities and forecast in this market to 2021 by product (salts, carbon, oxides, silicates, hydroxides, and metals), polymer type (thermoplastic, thermoset, elastomers), end use industry (automotive, building & construction, industrial, packaging and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the polymer filler market looks promising with opportunities in the automotive, building & construction, industrial, and packaging industry. Global polymer filler market is expected to reach an estimated $49.1 billion by 2021 and is forecast to grow at a CAGR of 6.3% from 2016 to 2021. The major growth drivers for this market are increasing demand for plastic and rubber in the automotive and construction industry, along with filler’s ease of availability and cost efficiency.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing consumption of nano-filler for polymers and a growing demand for lightweight plastic products for automotive applications.
Read the source article at Stock Market
Cabot Corp. (NYSE:CBT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release) “
Other research analysts have also recently issued reports about the company. TheStreet cut Cabot Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Jefferies Group reiterated a “buy” rating and issued a $60.00 price target on shares of Cabot Corp. in a research note on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.40.
Read the source article at The Vista Voice
Cabot Corporation announced today that its wholly-owned subsidiary, Cabot (China) Ltd., has signed a joint venture agreement with Inner Mongolia Hengyecheng Silicone Co., Ltd (HYC), to form a joint venture to manufacture fumed silica in China. Cabot will hold an 80 percent share in the joint venture and HYC will own the remaining 20 percent.
The joint venture will invest approximately $60 million to build a world-class fumed silica manufacturing facility to be located in Wuhai, China. The new facility will have a manufacturing capacity of 8,000 metric tons of fumed silica per year. Subject to obtaining the necessary governmental and regulatory approvals, construction of the plant is expected to begin in early 2017 and will be completed in 2019.
Read the source article at businesswire.com
Shanghai, China – Cabot Corp. is introducing three carbon black products specifically for weather stripping applications in China and Asia, the supplier announced 29 Aug.
The new products will supplement Cabot’s current portfolio of carbon blacks for these markets.
Weather stripping, said Cabot, is a key consideration for car manufacturers when it comes to the overall aesthetics of a vehicle.
Read the source article at European Rubber Journal