Catalent Inc (NYSE:CTLT) Given Consensus Rating of “Buy” by Brokerages

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Catalent Inc (NYSE:CTLT) has received an average rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $54.17.

A number of equities analysts have recently issued reports on CTLT shares. Jefferies Financial Group raised Catalent from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $62.00 in a research note on Friday, June 21st. Zacks Investment Research downgraded Catalent from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, UBS Group raised their price objective on Catalent to $64.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd.

In other news, insider Barry Littlejohns sold 15,940 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $53.53, for a total transaction of $853,268.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steven L. Fasman sold 4,053 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $54.04, for a total transaction of $219,024.12. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of Catalent by 17.6% in the 1st quarter. Janus Henderson Group PLC now owns 17,503,223 shares of the company’s stock valued at $710,456,000 after purchasing an additional 2,620,352 shares during the last quarter. BlackRock Inc. raised its holdings in Catalent by 2.8% during the second quarter. BlackRock Inc. now owns 14,307,589 shares of the company’s stock worth $775,615,000 after buying an additional 388,615 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Catalent by 1.9% during the first quarter. Champlain Investment Partners LLC now owns 3,913,500 shares of the company’s stock worth $158,849,000 after buying an additional 74,670 shares during the last quarter. Highline Capital Management L.P. acquired a new position in Catalent during the second quarter worth $111,494,000. Finally, Invesco Ltd. raised its holdings in Catalent by 11.9% during the second quarter. Invesco Ltd. now owns 1,774,766 shares of the company’s stock worth $96,210,000 after buying an additional 188,998 shares during the last quarter. Institutional investors and hedge funds own 96.85% of the company’s stock.

NYSE:CTLT traded up $0.57 on Tuesday, reaching $55.84. The company’s stock had a trading volume of 499,100 shares, compared to its average volume of 643,577. Catalent has a 12-month low of $29.23 and a 12-month high of $58.38. The company has a quick ratio of 1.71, a current ratio of 2.18 and a debt-to-equity ratio of 1.31. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 2.72 and a beta of 1.64. The stock has a 50 day moving average price of $55.31 and a 200 day moving average price of $46.82.

Catalent Company Profile

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through four segments: Softgel Technologies, Biologics and Specialty Drug Delivery, Oral Drug Delivery, and Clinical Supply Services. The Softgel Technologies segment formulates, develops, and manufactures prescription and consumer 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.

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Analyst Recommendations for Catalent (NYSE:CTLT)

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