Catalent, Inc. (NYSE:CTLT) Given Average Recommendation of “Buy” by Brokerages

Catalent, Inc. (NYSE:CTLTGet Rating) has received a consensus rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $142.88.

A number of research analysts have issued reports on CTLT shares. Morgan Stanley reduced their target price on shares of Catalent from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, February 2nd. Barclays cut their price target on shares of Catalent from $160.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Catalent from $129.00 to $110.00 and set a “hold” rating on the stock in a research report on Tuesday, April 12th. Finally, StockNews.com initiated coverage on shares of Catalent in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of CTLT stock opened at $98.83 on Monday. Catalent has a 52 week low of $86.34 and a 52 week high of $142.64. The company has a market cap of $17.71 billion, a PE ratio of 35.81, a P/E/G ratio of 1.64 and a beta of 1.44. The company has a current ratio of 2.89, a quick ratio of 2.19 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $101.47 and its 200-day simple moving average is $111.97.

Catalent (NYSE:CTLTGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. Catalent had a net margin of 10.72% and a return on equity of 15.07%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities research analysts expect that Catalent will post 3.54 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CTLT. Prospera Financial Services Inc bought a new stake in shares of Catalent in the first quarter valued at about $33,000. Assetmark Inc. bought a new stake in shares of Catalent in the third quarter valued at about $34,000. Concord Wealth Partners boosted its position in shares of Catalent by 154.3% in the fourth quarter. Concord Wealth Partners now owns 267 shares of the company’s stock valued at $34,000 after acquiring an additional 162 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Catalent by 127.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 282 shares of the company’s stock valued at $36,000 after acquiring an additional 158 shares during the period. Finally, NEXT Financial Group Inc boosted its position in shares of Catalent by 69.8% in the fourth quarter. NEXT Financial Group Inc now owns 275 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the period. 98.05% of the stock is owned by hedge funds and other institutional investors.

Catalent Company Profile (Get Rating)

Catalent, Inc, together with its subsidiaries, develops and manufactures solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products worldwide. It operates through four segments: Biologics, Softgel and Oral Technologies, Oral and Specialty Delivery, and Clinical Supply Services.

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Analyst Recommendations for Catalent (NYSE:CTLT)

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