KeyBanc Raises Price Target on Cabot Corp. (CBT) Following Solid Q1 Results
CBT Hot Sheet
Rating Summary:2 Buy, 0 Hold, 0 Sell
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Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
KeyBanc is reaffirming its Buy rating on shares of Cabot Corp. (NYSE: CBT), while raising its price target from $44 to $50.
The company reported solid Q1 results as Rubbler Blacks drove the despite lower volumes. An analyst from KeyBanc comments, "Looking forward, capacity coming online in fumed metal oxides, rubber blacks and inkjet colorants should provide upside for volumes moving through 2012."
The firm tweaked its Q2 and FY12 EPS estimates from $0.85 and $3.00 to $0.78 and $3.10. KeyBanc reaffirmed its FY13 estimate of $3.65. The Street's consensus calls for Q2 and FY12 EPS of $0.77 and $2.91.
For an analyst ratings summary and ratings history on Cabot Corp. click here. For more ratings news on Cabot Corp. click here.
Shares of Cabot Corp. closed at $41.07 yesterday, with a 52 week range of $22.45-$48.77.
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The company reported solid Q1 results as Rubbler Blacks drove the despite lower volumes. An analyst from KeyBanc comments, "Looking forward, capacity coming online in fumed metal oxides, rubber blacks and inkjet colorants should provide upside for volumes moving through 2012."
The firm tweaked its Q2 and FY12 EPS estimates from $0.85 and $3.00 to $0.78 and $3.10. KeyBanc reaffirmed its FY13 estimate of $3.65. The Street's consensus calls for Q2 and FY12 EPS of $0.77 and $2.91.
For an analyst ratings summary and ratings history on Cabot Corp. click here. For more ratings news on Cabot Corp. click here.
Shares of Cabot Corp. closed at $41.07 yesterday, with a 52 week range of $22.45-$48.77.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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