KeyBanc Capital Markets raised the price target for the Catalent Inc. (NYSE:CTLT) stock from “a Sector weight” to “an Overweight”. The rating was released on December 10, 2020. The research report from RBC Capital Mkts has initiated the stock to Outperform, with a price target set at $65. In their research brief published October 17, 2019, Stephens analysts resumed the Catalent Inc. stock to Overweight with a price target of $56.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.63 during the last quarter as opposed to a consensus estimate of $0.55, which indicates the company beat its estimate by $0.08, which implies that the company surprised the market by 14.50%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.74. This is an average of 12 analysts’ earnings, where the high earnings per share estimate is $0.85 and the low earnings per share estimate is $0.62. According to 11 analyst estimates, an average revenue estimate of $993.2M is projected for the current quarter with a high revenue estimate of $1.01B and a low estimate of $960.5M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Catalent Inc. (NYSE:CTLT) dipped -7.41% to close Tuesday’s market session at $103.50, lower as compared to yesterday’s close. The stock price fluctuated between $101.58 and $108.45 throughout the trading session with the volume trading being 3745920 shares, which represented a significant variation when compared to the three months average volume of 1.02 million shares. The firm’s stock price fluctuated -8.19% within the last five trades and -2.13% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 17.92% in the last 6 months and -12.09% was subtracted to its value over the previous 3 months. CTLT stock is trading at a margin of -6.63%, -4.63% and 3.52% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CTLT deals in the Healthcare domain. The stock is trading -18.94 percent below its 52-week high and 59.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 34.08. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Catalent Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 13.40 percent and the profit margin is 8.40 percent, and the company has reported a gross margin of 32.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $17.85 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Catalent Inc. (NYSE:CTLT) is 58.21. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 31.62. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.15 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.00, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Schmidt Kay A, the SVP, Technical Operations at Catalent Inc. (CTLT) has sold 1,400 shares of firm on Mar 22 at a price of $105.77 against the total amount of $0.15 million. In another inside trade, Chiminski John R, Chair & CEO of Catalent Inc. (NYSE:CTLT) sold 183,024 shares of the firm on Mar 19 for a total worth of $19.4 million at a price of $106.01. An inside trade which took place on Mar 18, Chair & CEO of Catalent Inc. Chiminski John R sold 42,220 shares of firm against total price of $4.44 million at the cost of $105.16 per share.