Cabot Corporation (NYSE:CBT) traded today at a new 52-week high of $76.37. Approximately 351,000 shares have changed hands today, as compared to an average 30-day volume of 412,000 shares.
In the past 52 weeks, shares of Cabot Corporation have traded between a low of $47.59 and a high of $76.37 and is now at $76.28, which is 60% above that low price.
There is potential upside of 83.2% for shares of Cabot Corporation based on a current price of $76.28 and an average consensus analyst price target of $139.75.
Cabot Corp manufactures and sells a variety of chemicals, materials, and chemical-based products. The company organizes itself into three segments based on the product type. The reinforcement materials segment, which generates more revenue than any other segment, sells rubber-grade carbon black products used in hoses and belts in automobiles. The performance chemicals segment sells ink-jet colorants and metal oxides used in the automotive and construction industries. The purification solutions segment sells carbon-based products used to purify air, water, and food and beverages.
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