Cabot Corporation (CBT) Draws Bearish Attention After Forming Bearish H&S

June 20, 2018 - By Ash Ash

Cabot Corporation (NYSE:CBT) Logo

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.23, from 1.07 in 2017Q4. It worsened, as 13 investors sold Cabot Corporation shares while 112 reduced holdings. 34 funds opened positions while 71 raised stakes. 51.35 million shares or 0.74% less from 51.73 million shares in 2017Q4 were reported.
United Cap Advisers Ltd Co owns 5,659 shares for 0% of their portfolio. State Treasurer State Of Michigan reported 0.01% in Cabot Corporation (NYSE:CBT). Deprince Race & Zollo Inc invested in 0.45% or 340,959 shares. Bancshares Of Montreal Can has 0% invested in Cabot Corporation (NYSE:CBT). Automobile Association invested in 0% or 9,923 shares. Ameritas Invest Incorporated invested 0.05% in Cabot Corporation (NYSE:CBT). Nomura has invested 0% in Cabot Corporation (NYSE:CBT). Dreman Value Management L L C invested in 6,052 shares or 0.15% of the stock. Vident Investment Advisory Lc stated it has 13,496 shares or 0.03% of all its holdings. Peak6 Invests Lp stated it has 7,807 shares or 0% of all its holdings. Northern Corp stated it has 0.01% in Cabot Corporation (NYSE:CBT). Moreover, Morgan Stanley has 0.01% invested in Cabot Corporation (NYSE:CBT). Gam Hldg Ag invested 0.01% of its portfolio in Cabot Corporation (NYSE:CBT). Millennium Management Ltd Liability has invested 0.02% in Cabot Corporation (NYSE:CBT). California State Teachers Retirement Systems holds 0.01% or 98,481 shares in its portfolio.

Since May 14, 2018, it had 1 buying transaction, and 10 selling transactions for $23.86 million activity. Prevost Patrick M. also sold $394,218 worth of Cabot Corporation (NYSE:CBT) shares. Cross Nicholas S. also sold $937,416 worth of Cabot Corporation (NYSE:CBT) shares. Keohane Sean D sold 59,537 shares worth $3.75 million. Kalkstein Hobart had sold 4,149 shares worth $264,706 on Thursday, June 7. Another trade for 7,311 shares valued at $440,853 was made by BERUBE BRIAN A on Thursday, May 31. Shares for $612,300 were sold by von Gottberg Friedrich on Monday, May 14.

The stock of Cabot Corporation (CBT) formed H&S with $57.33 target or 7.00 % below today’s $61.65 share price. The 7 months Head & Shoulders indicates high risk for the $3.81B company. It was reported on Jun, 20 by Faxor.com. If the $57.33 price target is reached, the company will be worth $266.77M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 2.65% or $1.68 during the last trading session, reaching $61.65. About 366,796 shares traded. Cabot Corporation (NYSE:CBT) has risen 11.28% since June 20, 2017 and is uptrending. It has underperformed by 1.29% the S&P500.

Analysts await Cabot Corporation (NYSE:CBT) to report earnings on August, 7. They expect $1.04 EPS, up 28.40 % or $0.23 from last year’s $0.81 per share. CBT’s profit will be $64.29M for 14.82 P/E if the $1.04 EPS becomes a reality. After $1.04 actual EPS reported by Cabot Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Cabot Corporation (NYSE:CBT) Ratings Coverage

Among 6 analysts covering Cabot (NYSE:CBT), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Cabot had 8 analyst reports since January 5, 2018 according to SRatingsIntel. The company was upgraded on Wednesday, May 9 by Robert W. Baird. As per Friday, January 5, the company rating was upgraded by Loop Capital. As per Tuesday, April 17, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by Northcoast given on Monday, February 12. Jefferies maintained the shares of CBT in report on Thursday, February 8 with “Buy” rating.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has market cap of $3.81 billion. The firm offers carbon black, a form of elemental carbon used to enhance the physical properties of the systems and applications in which it is incorporated; and rubber blacks for use as a rubber reinforcing agent and performance additive in tires, hoses, belts, extruded profiles, and molded goods. It currently has negative earnings. It also provides compounds of carbon black and rubber primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature gas and oil well construction.

Cabot Corporation (NYSE:CBT) Institutional Positions Chart

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