Could Cabot Corp (CBT) Recover After Forming a Head & Shoulders?

July 18, 2017 - By Adrian Erickson

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.03, from 0.94 in 2016Q3. It increased, as 27 investors sold Cabot Corp shares while 96 reduced holdings. 37 funds opened positions while 82 raised stakes. 52.20 million shares or 1.06% less from 52.76 million shares in 2016Q3 were reported.
Assetmark, a California-based fund reported 61 shares. Los Angeles Cap Management Equity Rech holds 0% of its portfolio in Cabot Corp (NYSE:CBT) for 6,060 shares. 20,812 are owned by Breton Hill Capital Ltd. Cabot owns 388,771 shares or 15.54% of their US portfolio. Northern Tru reported 996,189 shares. Panagora Asset Mgmt has invested 0.14% of its portfolio in Cabot Corp (NYSE:CBT). Airain Ltd accumulated 7,212 shares. New York-based Retail Bank Of Mellon has invested 0.02% in Cabot Corp (NYSE:CBT). Patten Patten Tn invested 0.14% of its portfolio in Cabot Corp (NYSE:CBT). Fund Mngmt reported 20,401 shares or 0.01% of all its holdings. New York State Common Retirement Fund, New York-based fund reported 295,440 shares. Comerica Fincl Bank has 81,312 shares. Guggenheim Ltd Co reported 0.01% in Cabot Corp (NYSE:CBT). Blackrock Institutional Company Na, California-based fund reported 2.32M shares. Millennium Management Ltd Liability Corp accumulated 379,181 shares.

Since January 24, 2017, it had 0 insider purchases, and 12 selling transactions for $25.49 million activity. 39,215 shares valued at $2.26 million were sold by BERUBE BRIAN A on Monday, February 6. The insider von Gottberg Friedrich sold $913,495. Shares for $437,938 were sold by Kalkstein Hobart on Friday, February 10. Prevost Patrick M. had sold 61,363 shares worth $3.63M on Wednesday, March 1. Another trade for 37,695 shares valued at $2.17M was sold by CORDEIRO EDUARDO E. Kelly James Patrick had sold 2,500 shares worth $137,375. The insider Cross Nicholas S. sold $404,530.

The stock of Cabot Corp (CBT) formed H&S with $51.40 target or 6.00 % below today’s $54.68 share price. The 7 months Head & Shoulders indicates high risk for the $3.47 billion company. It was reported on Jul, 18 by Faxor.com. If the $51.40 price target is reached, the company will be worth $208.20 million 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 increased 1.64% or $0.88 on July 17, reaching $54.68. About shares traded. Cabot Corp (NYSE:CBT) has risen 15.44% since July 18, 2016 and is uptrending. It has underperformed by 1.26% the S&P500.

Investors wait Cabot Corp (NYSE:CBT) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.92 earnings per share, down $0.01 or 1.08 % from last year’s $0.93 same quarter earnings. This translates into $58.38M profit for CBT giving the stock a 14.86 P/E. This is assuming the current $0.92 EPS is accurate. Cabot Corp’s Wall Street analysts see 5.75 % EPS growth, taking into account the $0.87 EPS reproted in the previous quarter,

Cabot Corp (NYSE:CBT) Ratings Coverage

Among 6 analysts covering Cabot (NYSE:CBT), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Cabot had 11 analyst reports since August 13, 2015 according to SRatingsIntel. As per Thursday, June 8, the company rating was maintained by Jefferies. On Monday, March 14 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was upgraded by Zacks on Tuesday, September 1 to “Sell”. SunTrust downgraded Cabot Corp (NYSE:CBT) on Tuesday, August 2 to “Neutral” rating. The rating was maintained by Deutsche Bank on Wednesday, November 11 with “Buy”. The firm has “Buy” rating by Jefferies given on Thursday, July 13. The firm has “Hold” rating by Deutsche Bank given on Friday, August 12. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 13 report. The rating was initiated by BB&T Capital on Thursday, December 10 with “Buy”. On Monday, April 11 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”.

More news for Cabot Corp (NYSE:CBT) were recently published by: Businesswire.com, which released: “Cabot Corporation to Announce Third Quarter 2017 Operating Results” on July 07, 2017. Businesswire.com‘s article titled: “Cabot Corporation Shares Sustainability Progress with Release of 2016 …” and published on July 11, 2017 is yet another important article.

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