Catalent Inc (NASDAQ:CTLT)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They presently have a $28.00 price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 12.27% from the company’s current price.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Catalent from a “hold” rating to a “strong sell” rating in a report on Monday, August 15th. Stephens initiated coverage on Catalent in a report on Tuesday, October 18th. They issued an “overweight” rating and a $31.00 target price on the stock. TheStreet raised Catalent from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $30.00 target price (down from $30.50) on shares of Catalent in a report on Tuesday, August 30th. Finally, KeyCorp initiated coverage on Catalent in a report on Wednesday, October 19th. They issued an “overweight” rating and a $29.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.67.
Catalent (NASDAQ:CTLT) traded down 1.11% on Tuesday, reaching $24.94. The company’s stock had a trading volume of 604,719 shares. The firm has a 50-day moving average of $24.24 and a 200-day moving average of $24.72. Catalent has a one year low of $18.92 and a one year high of $32.24. The company has a market capitalization of $3.11 billion and a PE ratio of 29.87.
Catalent (NASDAQ:CTLT) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $442.20 million for the quarter, compared to the consensus estimate of $430.26 million. Catalent’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Analysts predict that Catalent will post $1.39 EPS for the current year.
In related news, major shareholder Blackstone Management Associat sold 17,100,705 shares of Catalent stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $23.58, for a total value of $403,234,623.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in shares of Catalent by 481.7% in the third quarter. D.A. Davidson & CO. now owns 10,424 shares of the company’s stock valued at $269,000 after buying an additional 8,632 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in shares of Catalent by 414.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 260,925 shares of the company’s stock valued at $6,741,000 after buying an additional 210,225 shares during the period. Credit Suisse AG raised its position in shares of Catalent by 7.9% in the third quarter. Credit Suisse AG now owns 150,957 shares of the company’s stock valued at $3,900,000 after buying an additional 11,108 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Catalent by 87.8% in the third quarter. Ameritas Investment Partners Inc. now owns 46,415 shares of the company’s stock valued at $1,199,000 after buying an additional 21,701 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Catalent during the third quarter valued at about $356,000.
Catalent Company Profile