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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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Catalent (NYSE:CTLT) Cut to "Hold" at Zacks Investment Research

Last updated on Wednesday, January 13, 2021 | 2021 MarketBeat

Catalent (NYSE:CTLT) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, "Catalent, Inc. provides advanced delivery technologies and development solutions for drugs, biologics and consumer health products. It operates through Oral Technologies, Medication Delivery Solutions, and Development & Clinical Services. The Oral Technologies segment address the full diversity of the pharmaceutical industry including small molecules, large molecule biologics and consumer health products. The Medication Delivery Solutions segment offers formulation, development, and manufacturing services for delivery of drugs and biologics administered through injection, inhalation, and ophthalmic routes. The Development and Clinical Services segment provides manufacturing, packaging, storage, and inventory management services for drugs and biologics in clinical trials. Catalent, Inc. is headquartered in Somerset, New Jersey. "

Several other analysts also recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Catalent from $107.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. Royal Bank of Canada lifted their target price on shares of Catalent from $98.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, November 4th. Morgan Stanley lifted their target price on shares of Catalent from $98.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. lifted their target price on shares of Catalent from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 8th. Finally, BidaskClub upgraded shares of Catalent from a "hold" rating to a "buy" rating in a report on Tuesday, December 22nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus target price of $110.30.

CTLT traded down $0.94 during midday trading on Wednesday, hitting $114.75. 787,642 shares of the company were exchanged, compared to its average volume of 1,152,057. The company's 50 day simple moving average is $101.40 and its 200 day simple moving average is $91.31. The firm has a market capitalization of $18.90 billion, a price-to-earnings ratio of 73.09, a price-to-earnings-growth ratio of 2.61 and a beta of 1.50. The company has a current ratio of 2.56, a quick ratio of 2.14 and a debt-to-equity ratio of 0.97. Catalent has a 1-year low of $31.04 and a 1-year high of $120.48.

Catalent (NYSE:CTLT) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.06. The firm had revenue of $845.70 million for the quarter, compared to analyst estimates of $812.87 million. Catalent had a net margin of 9.25% and a return on equity of 14.20%. Catalent's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, equities analysts anticipate that Catalent will post 2.35 EPS for the current year.

In other news, insider Aristippos Gennadios sold 13,662 shares of Catalent stock in a transaction on Monday, December 21st. The shares were sold at an average price of $102.84, for a total transaction of $1,405,000.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven L. Fasman sold 2,425 shares of Catalent stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $100.99, for a total transaction of $244,900.75. The disclosure for this sale can be found here. Insiders sold a total of 19,163 shares of company stock valued at $1,990,667 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in shares of Catalent during the 3rd quarter worth $25,000. Paces Ferry Wealth Advisors LLC purchased a new stake in Catalent in the third quarter valued at $31,000. Ellevest Inc. purchased a new stake in Catalent in the third quarter valued at $45,000. First Horizon Advisors Inc. lifted its position in Catalent by 120.6% in the third quarter. First Horizon Advisors Inc. now owns 556 shares of the company's stock valued at $47,000 after acquiring an additional 304 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Catalent in the third quarter valued at $108,000. 97.84% of the stock is owned by institutional investors and hedge funds.

About Catalent

Catalent, Inc, together with its subsidiaries, provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through four segments: Softgel and Oral Technologies, Biologics, Oral and Specialty Delivery, and Clinical Supply Services.

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Analyst Recommendations for Catalent (NYSE:CTLT)

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