Catalent Inc. (NYSE:CTLT) does about 3.34M shares in volume on a normal day but saw 3373036 shares change hands in Monday trading. The company now has a market cap of 9.43B USD. Its current market price is $52.59, marking an increase of 6.35% compared to the previous close of $49.45. The 52 week high reached by this stock is $115.33 whilst the lowest price level in 52 weeks is $40.69. The script in recent trading has seen the stock touch a high of $52.67 and a low of $49.01.
Catalent Inc. (CTLT) has a 20-day trading average at $47.01 and the current price is -54.40% off the 52-week high compared with 29.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $46.23 and its 200-day simple moving average is $82.16. If we look at the stock’s price movements over the week, volatility stands at 4.39%, which decreases to 3.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.60 to suggest the stock is neutral.
16 analysts observing the Catalent Inc. (CTLT) stock have set the 12-month price targets for the company’s shares at between $44.00 and $100.00. The consensus objective for the share price is $69.50, suggesting that the stock has a potential upside of 24.33% over the period. The median price target is 19.09% away from the current levels at $65.00.
FactSet Research has provided data showing that 16 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 3 advise that it is a overweight. 8 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
BofA Securities downgraded its price target at $125-$60.
The current price level is 12.96%, 14.25%, and -36.22% away from its SMA20, SMA50, and SMA200 respectively, with the CTLT price moving above the 50-day SMA on January 23. Catalent Inc. (CTLT) stock is up 7.15% over the week and 18.55% over the past month. Its price is 16.84% year-to-date and -48.45% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.34 below consensus estimates by -$0.22. The company’s next earnings report is expected on 05/02/2023, with forecasts estimating quarterly EPS at $0.69 and $3.2 for whole year. CTLT’s earnings per share are forecast to shrink by -17.70% this year and 14.40% over next year. Expected sales for next quarter are $1.2 billion, which analysts say will come at $4.69 billion for the current fiscal year and next year at $5.09 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.12 billion.
To reach the target analysts have set, the stock logically needs to grow 24.33 percent from here.
Outstanding shares total 180.00M with insiders holding 0.37% of the shares and institutional holders owning 102.15% of the company’s common stock. The company has a return on investment of 7.40% and return on equity of 9.00%. The price to earnings ratio (P/E ratio) amounts to 22.49 while the forward price to earnings ratio is 14.35. The beta has a value of 1.23. Price to book ratio is 2.01 and price to sales ratio is 1.96.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Catalent Inc. (CTLT) to 5,207,680 shares, mirroring a recent increase by 1.39%. Vanguard Total Stock Market Index added 71609.0 shares of Catalent Inc. common stock bringing its total worth to about $234.4 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by T Rowe Price Mid Cap Growth Fund, which sold off -0.15 million shares to end up with 5,149,200 shares worth $231.77 million. American Funds New Perspective Fu raise their holdings by 30.71% in the company over the course of the most recent quarter. It now holds a 2.61% position in Catalent Inc. thanks to 4.68 million shares amounting to $210.72 million.