JPMorgan Chase & Co. Has Lowered Expectations for Cabot (NYSE:CBT) Stock Price

Cabot (NYSE:CBT - Get Free Report) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $105.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "underweight" rating on the specialty chemicals company's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 1.01% from the company's previous close.10 Best Natural Gas Stocks to Buy NowSeveral other equities research analysts have also recently commented on the company. StockNews.com raised Cabot from a "hold" rating to a "buy" rating in a research note on Tuesday. Mizuho decreased their target price on shares of Cabot from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cabot presently has a consensus rating of "Hold" and an average target price of $97.00.View Our Latest Analysis on CabotCabot Stock Up 0.4 %Cabot Boosting Production In Lithium Battery Chain For EV MarketShares of NYSE:CBT traded up $0.36 during trading on Friday, reaching $85.87. 58,573 shares of the company traded hands, compared to its average volume of 389,003. The firm has a fifty day simple moving average of $89.85 and a 200 day simple moving average of $101.05. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. Cabot has a 1-year low of $81.24 and a 1-year high of $117.46. The firm has a market cap of $4.66 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. Cabot (NYSE:CBT - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.02. Cabot had a return on equity of 26.79% and a net margin of 10.60%. Analysts anticipate that Cabot will post 7.57 earnings per share for the current fiscal year. Cabot declared that its board has initiated a share repurchase plan on Tuesday, December 3rd that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued. Institutional Inflows and OutflowsSeveral institutional investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Cabot in the fourth quarter worth about $26,000. Farther Finance Advisors LLC lifted its holdings in shares of Cabot by 197.9% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the specialty chemicals company's stock worth $47,000 after buying an additional 277 shares during the last quarter. CWM LLC boosted its position in shares of Cabot by 35.6% in the third quarter. CWM LLC now owns 564 shares of the specialty chemicals company's stock valued at $63,000 after acquiring an additional 148 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Cabot by 22.0% in the third quarter. First Horizon Advisors Inc. now owns 650 shares of the specialty chemicals company's stock worth $73,000 after acquiring an additional 117 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Cabot by 37.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company's stock worth $74,000 after acquiring an additional 219 shares during the period. Institutional investors own 93.18% of the company's stock. Cabot Company Profile (Get Free Report)Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.Featured StoriesFive stocks we like better than CabotMarket Cap Calculator: How to Calculate Market CapAs the Magnificent 7 Stalls, These 3 Stocks Are Gaining MomentumHow to Use the MarketBeat Excel Dividend CalculatorGold's Ascent: Can Miners and ETFs Take Investors to $3,000?Stock Sentiment Analysis: How it WorksMedtronic’s Expansion Gains Momentum—Time for a Market Shift?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cabot Right Now?Before you consider Cabot, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cabot wasn't on the list.While Cabot currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here