In the latest trading session, 0.82 million Clarivate Plc (NYSE:CLVT) shares changed hands as the company’s beta touched 1.28. With the company’s most recent per share price at $4.57 changing hands around $0.1 or 2.13% at last look, the market valuation stands at $3.16B. CLVT’s current price is a discount, trading about -97.37% off its 52-week high of $9.02. The share price had its 52-week low at $4.22, which suggests the last value was 7.66% up since then.
Analysts gave the Clarivate Plc (CLVT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.36. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CLVT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Clarivate Plc’s EPS for the current quarter is expected to be 0.12.
Clarivate Plc (NYSE:CLVT) trade information
Instantly CLVT is in green as seen in intraday trades today. With action -4.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -10.14%, with the 5-day performance at -4.10% in the red. However, in the 30-day time frame, Clarivate Plc (NYSE:CLVT) is -19.35% down.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 61.92% from its recent market value. According to analyst projections, CLVT’s forecast low is 11 with 20 as the target high. To hit the forecast high, the stock’s price needs a -337.64% plunge from its current level, while the stock would need to soar -140.7% for it to hit the projected low.
Clarivate Plc (CLVT) estimates and forecasts
Year-over-year growth is forecast to reach -7.28% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 570.44M. 7 analysts are of the opinion that Clarivate Plc’s revenue for the current quarter will be 592.59M. The company’s revenue for the corresponding quarters a year ago was 621.2M and 650.3M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.17%. The estimates for the next quarter sales put growth at -8.87%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.40%. The 2025 estimates are for Clarivate Plc earnings to decrease by -11.22%, but the outlook for the next 5-year period is at 2.28% per year.
Clarivate Plc (NYSE:CLVT)’s Major holders
EXOR N.V. holds the second largest percentage of outstanding shares, with 9.8155% or 67.29 million shares worth $382.91 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Alps Ser Tr-Clarkston Partners Fd and Price (T.Rowe) Mid-Cap Value Fund. With 16.5 shares estimated at $75.65 million under it, the former controlled 2.39% of total outstanding shares. On the other hand, Price (T.Rowe) Mid-Cap Value Fund held about 1.50% of the shares, roughly 10.35 shares worth around $47.44 million.
