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Is Catalent Inc. (NYSE: CTLT) Worth Much? What Should Investors Do?

During the last session, Catalent Inc. (NYSE:CTLT)’s traded shares were 2.29 million, with the beta value of the company hitting 1.22. At the end of the trading day, the stock’s price was $36.88, reflecting an intraday loss of -1.50% or -$0.56. The 52-week high for the CTLT share is $115.33, that puts it down -212.72 from that peak though still a striking 14.72% gain since the share price plummeted to a 52-week low of $31.45. The company’s market capitalization is $5.74B, and the average intraday trading volume over the past 10 days was 6.01 million shares, and the average trade volume was 4.23 million shares over the past three months.

Catalent Inc. (CTLT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. CTLT has a Sell rating from 0 analyst(s) out of 17 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 2 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.03.

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Catalent Inc. (NYSE:CTLT) trade information

Catalent Inc. (CTLT) registered a -1.50% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.50% in intraday trading to $36.88 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 14.75%, and it has moved by -15.66% in 30 days. Based on these gigs, the overall price performance for the year is -61.89%. The short interest in Catalent Inc. (NYSE:CTLT) is 6.24 million shares and it means that shorts have 0.91 day(s) to cover.

The consensus price target of analysts on Wall Street is $42.82, which implies an increase of 13.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $28.00 and $60.00 respectively. As a result, CTLT is trading at a discount of -62.69% off the target high and 24.08% off the low.

Catalent Inc. (CTLT) estimates and forecasts

Statistics show that Catalent Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Catalent Inc. (CTLT) shares have gone down -11.22% during the last six months, with a year-to-date growth rate less than the industry average at -70.31% against 13.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -102.90% this quarter and then drop -78.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $952.66 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $1.16 billion by the end of Jun 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.27 billion and $1.31 billion respectively. In this case, analysts expect current quarter sales to shrink by -25.20% and then drop by -11.80% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.70%. While earnings are projected to return -9.20% in 2023, the next five years will return 4.38% per annum.

CTLT Dividends

Catalent Inc. is due to release its next quarterly earnings on May 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Catalent Inc. (NYSE:CTLT)’s Major holders

Catalent Inc. insiders own 0.37% of total outstanding shares while institutional holders control 105.83%, with the float percentage being 106.22%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 788 institutions own stock in it. As of Mar 30, 2023, the company held over 19.72 million shares (or 10.95% of all shares), a total value of $1.3 billion in shares.

The next largest institutional holding, with 14.32 million shares, is of Blackrock Inc.’s that is approximately 7.95% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $940.65 million.

Also, the Mutual Funds coming in first place with the largest holdings of Catalent Inc. (CTLT) shares are Vanguard Total Stock Market Index Fund and Price (T.Rowe) Mid Cap Growth Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 5.21 million shares. This amounts to just over 2.89 percent of the company’s overall shares, with a $234.4 million market value. The same data shows that the other fund manager holds slightly less at 5.15 million, or about 2.86% of the stock, which is worth about $231.77 million.

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