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Cabot (CBT) Introduces New Black Masterbatch Formulation
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Cabot Corporation (CBT - Free Report) launched a unique styrene acrylonitrile (SAN)-based formulation, Plasblak XP6801D black masterbatch. It addresses the needs of the styrenics market without compromising the trade-off between mechanical properties and color.
Cabot is an industry leader in black masterbatch solutions. The Plasblak XP6801D black masterbatch has mechanical properties, superior color performance and ultra-violet resistance at a lower masterbatch concentration.
Moreover, customers can attain higher color without losing impact properties by using the Plasblak XP6801D black masterbatch. They also offer lower masterbatch loading with formulation flexibility to meet stricter customized performance requirements. Notably, they deliver the same performance and consume 50% less material, transport logistics and lower handling.
Per Cabot, the Plasblak XP6801D black masterbatch will assist customers to innovate and provide formulation flexibility to address the evolving performance expectations of original equipment manufacturers. Cabot’s Plasblak masterbatches are used in a wide range of industries including, packaging, agriculture, automotive and infrastructure,
Shares of Cabot have lost 11.8% in the past year against the industry’s 4.7% rise.
Cabot recently issued an update on business results for the fourth quarter of fiscal 2020. The company stated that volumes continued to recover in the fiscal fourth quarter on a sequential comparison basis.
For the fiscal fourth quarter, the company projects cash flow from operations to be around $100 million and the same is expected to be around $250 million for the second half of fiscal 2020, higher than the earlier-announced expectation of $200 million.
Agnico Eagle has an expected earnings growth rate of 103.1% for 2020. Its shares have returned 21.3% in the past year.
Barrick has an expected earnings growth rate of 115.7% for 2020. The company’s shares have gained 51.4% in the past year.
New Gold has an expected earnings growth rate of 100% for 2020. The company’s shares have surged 137.5% in the past year.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Cabot (CBT) Introduces New Black Masterbatch Formulation
Cabot Corporation (CBT - Free Report) launched a unique styrene acrylonitrile (SAN)-based formulation, Plasblak XP6801D black masterbatch. It addresses the needs of the styrenics market without compromising the trade-off between mechanical properties and color.
Cabot is an industry leader in black masterbatch solutions. The Plasblak XP6801D black masterbatch has mechanical properties, superior color performance and ultra-violet resistance at a lower masterbatch concentration.
Moreover, customers can attain higher color without losing impact properties by using the Plasblak XP6801D black masterbatch. They also offer lower masterbatch loading with formulation flexibility to meet stricter customized performance requirements. Notably, they deliver the same performance and consume 50% less material, transport logistics and lower handling.
Per Cabot, the Plasblak XP6801D black masterbatch will assist customers to innovate and provide formulation flexibility to address the evolving performance expectations of original equipment manufacturers. Cabot’s Plasblak masterbatches are used in a wide range of industries including, packaging, agriculture, automotive and infrastructure,
Shares of Cabot have lost 11.8% in the past year against the industry’s 4.7% rise.
Cabot recently issued an update on business results for the fourth quarter of fiscal 2020. The company stated that volumes continued to recover in the fiscal fourth quarter on a sequential comparison basis.
For the fiscal fourth quarter, the company projects cash flow from operations to be around $100 million and the same is expected to be around $250 million for the second half of fiscal 2020, higher than the earlier-announced expectation of $200 million.
Zacks Rank & Key Picks
Cabot currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Agnico Eagle Mines Limited (AEM - Free Report) , Barrick Gold Corporation (GOLD - Free Report) and New Gold Inc. (NGD - Free Report) . While Agnico Eagle sports a Zacks Rank #1 (Strong Buy), New Gold and Barrick carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Agnico Eagle has an expected earnings growth rate of 103.1% for 2020. Its shares have returned 21.3% in the past year.
Barrick has an expected earnings growth rate of 115.7% for 2020. The company’s shares have gained 51.4% in the past year.
New Gold has an expected earnings growth rate of 100% for 2020. The company’s shares have surged 137.5% in the past year.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>