Catalent, Inc. (NYSE:CTLT – Get Rating)'s stock price was down 4.1% on Tuesday after Barclays lowered their price target on the stock from $62.00 to $58.00. Barclays currently has an overweight rating on the stock. Catalent traded as low as $50.36 and last traded at $50.44. Approximately 154,255 shares were traded during trading, a decline of 94% from the average daily volume of 2,555,757 shares. The stock had previously closed at $52.59.
Other equities research analysts have also recently issued research reports about the company. Morgan Stanley dropped their price objective on Catalent from $120.00 to $81.00 and set an "overweight" rating on the stock in a research note on Thursday, November 3rd. Bank of America cut Catalent from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $125.00 to $60.00 in a research report on Wednesday, November 2nd. Argus lowered Catalent from a "buy" rating to a "hold" rating in a report on Monday, November 7th. Royal Bank of Canada reduced their target price on Catalent from $125.00 to $73.00 and set an "outperform" rating on the stock in a report on Wednesday, November 2nd. Finally, TheStreet lowered Catalent from a "b-" rating to a "c+" rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $92.40.
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Insider Buying and Selling at Catalent
In related news, SVP Michael J. Grippo sold 2,451 shares of the business's stock in a transaction on Monday, October 31st. The stock was sold at an average price of $65.83, for a total transaction of $161,349.33. Following the sale, the senior vice president now directly owns 17,792 shares in the company, valued at approximately $1,171,247.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Michael J. Grippo sold 2,451 shares of the business's stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $65.83, for a total transaction of $161,349.33. Following the completion of the transaction, the senior vice president now directly owns 17,792 shares in the company, valued at $1,171,247.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Manja Boerman sold 780 shares of the company's stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $51.70, for a total value of $40,326.00. Following the completion of the transaction, the insider now owns 15,860 shares of the company's stock, valued at $819,962. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company's stock.
Institutional Investors Weigh In On Catalent
Institutional investors have recently bought and sold shares of the stock. Bellevue Group AG bought a new position in Catalent during the 3rd quarter valued at approximately $34,000. CX Institutional bought a new position in Catalent during the 2nd quarter valued at approximately $37,000. Clear Street Markets LLC raised its position in Catalent by 408.1% during the 2nd quarter. Clear Street Markets LLC now owns 376 shares of the company's stock valued at $40,000 after purchasing an additional 302 shares during the last quarter. Motco bought a new position in Catalent during the 3rd quarter valued at approximately $41,000. Finally, Alta Advisers Ltd bought a new position in Catalent during the 3rd quarter valued at approximately $43,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.
Catalent Price Performance
The business has a 50-day simple moving average of $46.22 and a 200 day simple moving average of $72.04. The firm has a market cap of $8.92 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 3.41 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.08 and a current ratio of 2.86.
Catalent (NYSE:CTLT – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.24). Catalent had a net margin of 8.83% and a return on equity of 12.55%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts anticipate that Catalent, Inc. will post 2.93 earnings per share for the current fiscal year.
About Catalent
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Catalent, Inc, together with its subsidiaries, develops and manufactures solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products worldwide. The Softgel and Oral Technologies segment provides formulation, development, and manufacturing services for soft capsules for use in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, unit-dose cosmetics, and animal health medicinal preparations.
Further Reading
- Get a free copy of the StockNews.com research report on Catalent (CTLT)
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