Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cabot Corp before investing.

In this article, we go over a few key elements for understanding Cabot Corp’s stock price such as:

• Cabot Corp’s current stock price and volume
• Why Cabot Corp’s stock price changed recently
• Upgrades and downgrades for CBT from analysts
• CBT’s stock price momentum as measured by its relative strength

About Cabot Corp (CBT)

Before we jump into Cabot Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through two segments: Reinforcement Materials and Performance Chemicals. The Reinforcement Materials segment combines reinforcing carbons, engineered elastomer composites and EVOLVE Sustainable Solutions product. The reinforcing carbons products are used in tires and industrial products. In Performance Chemicals, it designs, manufacture and sell materials that deliver performance in a range of customer applications across the automotive, construction, infrastructure, inkjet printing, electronics, and consumer products sectors and in applications related to the generation, transmission and storage of energy. The Performance Chemicals segment combine specialty carbons, specialty compounds, battery materials, fumed metal oxides, aerogel and inkjet product lines. Its products include Carbon black, specialty carbons, battery materials, fumed silica, aerogel and inkjet colorants.

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Cabot Corp’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Cabot Corp’s stock price was $89.91.

Cabot Corp is down 6.93% from its previous closing price of $96.60.

During the last market session, Cabot Corp’s stock traded between $95.52 and $101.25. Currently, there are 55.40 million shares of Cabot Corp stock available for purchase.

Cabot Corp’s price-earnings (P/E) ratio is currently at 12.2, which is low compared to the Chemicals - Specialty industry median of 28.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cabot Corp Stock Price History

Cabot Corp’s (CBT) price is currently down 10.35% so far this month.

During the month of August, Cabot Corp’s stock price has reached a high of $101.25 and a low of $88.12.

Over the last year, Cabot Corp has hit prices as high as $103.49 and as low as $64.51. Year to date, Cabot Corp’s stock is up 34.52%.

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What Caused Cabot Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there were 0 analysts who downgraded Cabot Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Cabot Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cabot Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cabot Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cabot Corp (CBT) by visiting AAII Stock Evaluator.

Relative Price Strength of Cabot Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Cabot Corp has a weighted four-quarter relative price strength of 2.37%, which translates to a Momentum Score of 74 and is considered to be Strong.

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Cabot Corp Stock Price: Bottom Line

As of August 2, 2024, Cabot Corp’s stock price is $89.91, which is down 6.93% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cabot Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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