In today’s recent session, 0.56 million shares of the Catalent Inc. (NYSE:CTLT) have been traded, and its beta is 1.16. Most recently the company’s share price was $60.25, and it changed around -$0.1 or -0.17% from the last close, which brings the market valuation of the company to $10.93B. CTLT at last check was trading at a discount to its 52-week high of $61.20, offering almost -1.58% off that amount. The share price’s 52-week low was $31.80, which indicates that the recent value has risen by an impressive 47.22% since then. We note from Catalent Inc.’s average daily trading volume that its 10-day average is 1.55 million shares, with the 3-month average coming to 1.83 million.
Catalent Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended CTLT as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Catalent Inc. is expected to report earnings per share of 0.04 for the current quarter.
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Catalent Inc. (NYSE:CTLT) trade information
Instantly CTLT has been showing red trend so far today with a performance of -0.17% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 60.50 on recent trading dayincreased the stock’s daily price by 0.41%. The company’s shares are currently up 34.10% year-to-date, but still up 1.04% over the last five days. On the other hand, Catalent Inc. (NYSE:CTLT) is 1.41% up in the 30-day period. We can see from the shorts that 9.12 million shares have been sold at a short interest cover period of 5.22 day(s).
The consensus price target as assigned by Wall Street analysts is $63.5, which translates to bulls needing to increase their stock price by 5.12% from its current value. Analyst projections state that CTLT is forecast to be at a low of $41 and a high of $132.
Catalent Inc. (CTLT) estimates and forecasts
Catalent Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.69 percent over the past six months and at a 444.00% annual growth rate that is well above the industry average of 20.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 140.00% in revenue this quarter, and will report an increase of 183.30% in the next quarter. The year-over-year growth rate is expected to be 7.80%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.08B in revenue for the current quarter. 4 analysts expect Catalent Inc. to make 1.16B in revenue for the current ending quarter.
Catalent Inc. earnings are expected to increase by 375.39% in 2024, but the outlook is positive 32.41% per year for the next five years.
CTLT Dividends
Catalent Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-13.
Catalent Inc. (NYSE:CTLT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.58% of Catalent Inc. shares, and 93.36% of them are in the hands of institutional investors. The stock currently has a share float of 93.91%. Catalent Inc. stock is held by 681.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.2039% of the shares, which is about 20.39 million shares worth $1.15 billion.
BLACKROCK INC., with 8.4364% or 15.35 million shares worth $863.37 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 5.41 shares worth $326.41 million, making up 2.98% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 4.64 shares worth around $280.13 million, which represents about 2.56% of the total shares outstanding.
