Deutsche Bank (DE:DBKGn) analyst David Begleiter maintained a Hold rating on Cabot (NYSE:CBT) Corporation on Wednesday, setting a price target of $66, which is approximately 9.82% above the present share price of $60.1.
Begleiter expects Cabot Corporation to post earnings per share (EPS) of $1.31 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Cabot, with an average price target of $69.67.
The analysts price targets range from a high of $73 to a low of $66.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $842 million and a net profit of $128 million. The company's market cap is $3.4 billion.
According to TipRanks.com, Deutsche Bank analyst David Begleiter is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 73.37% success rate.
Cabot Corp . is a global specialty chemicals and performance materials company. Its products are rubber and specialty grade carbon blacks, specialty compounds, fumed metal oxides, activated carbons, inkjet colorants, aerogel, cesium formate drilling fluids, and fine cesium chemicals. The company operates through the following segments: Reinforcement Materials, Performance Chemicals, Purification Solutions, and Specialty Fluids. The Reinforcement Materials segment involves the rubber blacks and elastomer composites product lines. The Performance Chemicals segment combines the specialty carbons and compounds and inkjet colorants product lines into the specialty carbons and formulations business. The Purification Solutions segment refers to the activated carbon business and the specialty fluids segment. The Specialty Fluids segment represents the rental of cesium formate. Cabot was founded by Godfrey Lowell Cabot in 1882 and is headquartered in Boston, MA.