Cabot Corporation (NYSE:CBT) Given Price Target Of $54.333


As per Cabot Corporation (NYSE:CBT)’s news release on 2016-07-08, its shareholders will get cash dividend of $0.3 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-26 and 2016-09-09, respectively.

The stock will commence trading ex-dividend from 2016-08-24, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cabot Corporation (NYSE:CBT) disbursed $0.3 in dividend compared to distribution of $0.3, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 4.7619%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Cabot Corporation (NYSE:CBT) to attain a price target of $54.333. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $60. The low price range is set at $51 for next year while the arithmetic mean is seen at 2.6.

Eyeing Earnings Cabot Corporation (NYSE:CBT) is likely to post quarterly numbers around 2016-11-07 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.93 for the period ending on 2016-09-30.

In last quarter ended 2015-09-30, Cabot Corporation (NYSE:CBT) earnings came at $0.93 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.92 for the quarter.

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