Catalent Inc. (NYSE:CTLT) does about 2.74M shares in volume on a normal day but saw 1457010 shares change hands in Tuesday trading. The company now has a market cap of 10.11B USD. Its current market price is $55.85, marking a decrease of -0.80% compared to the previous close of $56.30. The 52 week high reached by this stock is $60.20 whilst the lowest price level in 52 weeks is $31.45.
Catalent Inc. (CTLT) has a 20-day trading average at $56.27 and the current price is -7.23% off the 52-week high compared with 77.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $56.64 and its 200-day simple moving average is $48.13. If we look at the stock’s price movements over the week, volatility stands at 0.84%, which increases to 0.91% 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 45.57 to suggest the stock is neutral.
The consensus objective for the share price is $59.92, suggesting that the stock has a potential upside of 6.79% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 16, 2023 when Robert W. Baird upgraded the stock to “Outperform” and issued a price target of between $45 and $53. Argus also upgraded the stock to “Buy” from Hold on September 05, 2023 at a price target of $62. Wells Fargo initiated its price target at $43.
Catalent Inc. (CTLT) stock is down -0.32% over the week and -0.96% over the past month. Its price is 24.30% year-to-date and 11.43% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -0.09 below consensus estimates by -0.06. The company’s next earnings report forecasts estimating quarterly EPS at 0.21 and 0.5 for whole year. Expected sales for next quarter are $1.25B, which analysts say will come at $4.38B for the current fiscal year and next year at $4.67B. In addition, estimates put the company’s current quarterly revenue at an average of $1.12B.
To reach the target analysts have set, the stock logically needs to grow 6.79 percent from here.
The company has a return on investment of -14.78% and return on equity of -29.72%. The forward price to earnings ratio is 37.65. The beta has a value of 1.18. Price to book ratio is 2.74 and price to sales ratio is 2.46.
