What Will Happen to Cabot Corp (CBT) Next? The Stock Formed a Several Months Bearish H&S Pattern

July 18, 2017 - By Adrian Mccoy

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.03, from 0.94 in 2016Q3. It improved, 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.
Stifel invested 0.02% in Cabot Corp (NYSE:CBT). Petrus Tru Lta holds 0.07% of its portfolio in Cabot Corp (NYSE:CBT) for 5,380 shares. Tower Research Cap Limited Liability (Trc) stated it has 0% in Cabot Corp (NYSE:CBT). Thrivent For Lutherans reported 80,370 shares stake. Walleye Trading Lc holds 200 shares or 0% of its portfolio. Louisiana State Employees Retirement Sys holds 15,400 shares or 0.04% of its portfolio. Royal Bank Of Canada holds 0% or 15,133 shares in its portfolio. Eastern Bank & Trust holds 0.46% or 117,324 shares in its portfolio. Assetmark Inc invested in 61 shares. Loomis Sayles & Com L P reported 236,554 shares or 0.03% of all its holdings. Geode Ltd Liability Corporation owns 0.01% invested in Cabot Corp (NYSE:CBT) for 489,905 shares. Axa reported 128,420 shares or 0.03% of all its holdings. Smith Asset Group L P stated it has 0% in Cabot Corp (NYSE:CBT). Nuveen Asset Mngmt Lc owns 220,614 shares. 295,440 were accumulated by State Common Retirement Fund.

Since January 24, 2017, it had 0 insider buys, and 12 sales for $25.49 million activity. 37,695 shares were sold by CORDEIRO EDUARDO E, worth $2.17M on Monday, February 6. The insider BERUBE BRIAN A sold $2.26M. $137,375 worth of Cabot Corp (NYSE:CBT) was sold by Kelly James Patrick on Tuesday, January 24. $3.59 million worth of Cabot Corp (NYSE:CBT) shares were sold by Prevost Patrick M.. Shares for $437,938 were sold by Kalkstein Hobart on Friday, February 10. Another trade for 15,909 shares valued at $913,495 was sold by von Gottberg Friedrich. Cross Nicholas S. had sold 7,000 shares worth $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.

Analysts await Cabot Corp (NYSE:CBT) to report earnings on July, 26. They expect $0.92 EPS, down 1.08 % or $0.01 from last year’s $0.93 per share. CBT’s profit will be $58.38 million for 14.86 P/E if the $0.92 EPS becomes a reality. After $0.87 actual EPS reported by Cabot Corp for the previous quarter, Wall Street now forecasts 5.75 % EPS growth.

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, August 13, the company rating was maintained by Deutsche Bank. Jefferies maintained the stock with “Buy” rating in Thursday, July 13 report. The rating was downgraded by SunTrust on Tuesday, August 2 to “Neutral”. BB&T Capital initiated Cabot Corp (NYSE:CBT) on Thursday, December 10 with “Buy” rating. Jefferies maintained the shares of CBT in report on Thursday, June 8 with “Buy” rating. The rating was downgraded by KeyBanc Capital Markets on Monday, April 11 to “Sector Weight”. As per Friday, August 12, the company rating was maintained by Deutsche Bank. The stock of Cabot Corp (NYSE:CBT) has “Sell” rating given on Tuesday, September 1 by Zacks. As per Monday, March 14, the company rating was downgraded by JP Morgan. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, November 11.

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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