Shares of Cabot Corporation (NYSE:CBT) traded at a new 52-week high today of $64.47. So far today approximately 123,000 shares have been exchanged, as compared to an average 30-day volume of 343,000 shares.
Over the past year, Cabot Corporation has traded in a range of $34.81 to $64.47 and is now at $64.26, 85% above that low.
There is potential upside of 63.2% for shares of Cabot Corporation based on a current price of $64.26 and an average consensus analyst price target of $104.90.
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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