Cabot traded at $81.00 this Friday May 15th, decreasing $1.09 or 1.33 percent since the previous trading session. Looking back, over the last four weeks, Cabot lost 10.32 percent. Over the last 12 months, its price rose by 5.76 percent. Looking ahead, we forecast Cabot to be priced at 79.37 by the end of this quarter and at 74.68 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The Reinforcement Materials segment consists of the rubber blacks and elastomer composites product lines. The Performance Chemicals segment combines the specialty carbons, fumed metal oxides and aerogel product lines into the Performance Additives business, and combines the specialty compounds and inkjet colorants product lines into the Formulated Solutions business. The Purification Solutions segment consists of the Company’s activated carbon business. The Company’s activated carbon products are used for the purification of water, air, food and beverages, pharmaceuticals and other liquids and gases. Its principal products are rubber and specialty grade carbon blacks, specialty compounds, fumed metal oxides, activated carbons, inkjet colorants, and aerogel.