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Does Catalent Inc. (NYSE: CTLT) Still Need To Convince Analysts?

Catalent Inc. (NYSE:CTLT) traded at $49.57 at close of the session on Tuesday, 01/24/23, made a downward move of -5.74% on its previous day’s price.

Looking at the stock we see that its previous close was $52.59 and the beta (5Y monthly) reads 1.39 with the day’s price range being $49.12 – $53.00. The company has a trailing 12-month PE ratio of 21.20. In terms of its 52-week price range, CTLT has a high of $115.33 and a low of $40.69. The company’s stock has gained about 14.09% over that past 30 days.

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Catalent Inc. has a market cap of $8.89 billion and is expected to release its quarterly earnings report on Jan 30, 2023 – Feb 03, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.56, with the EPS growth for the year raised at $3.76 for 2023 and $4.45 for next year. These figures represent -3.30% and 18.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.08 billion, with a low of $1.01 billion and a high of $1.12 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $5.08 billion, or 5.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CTLT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Catalent Inc. (CTLT) stock as a Hold, while 8 rate it as a Buy. 3 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the CTLT stock currently stands at 2.50, and the current price level is 5.44% off its SMA20 and 7.24% from its 50-day simple moving average. The RSI (14) is pointing at 55.33 while the volatility over the past week is 5.37% and jumps to 3.95% over the past one month. The beta value is 1.23, while the average true range (ATR) is currently pointing at 2.16. The average price target for the stock over the next 12 months is $70.64, with the estimates having a low of $44.00 and a high of $100.00. These price ends are 11.24% and -101.73% off the current price level respectively, although investors could be excited at the prospect of a -35.16% if the CTLT share price touches on the median price of $67.00.

Let’s briefly compare Catalent Inc. (CTLT) stock to its peers. We find that current price change of -5.74% and -51.44% over the past 12 months for CTLT competes that of Thermo Fisher Scientific Inc. (TMO), which has seen its stock price fall -3.98% in the last trading session and was 0.07% over the last one year. Another of its peers Danaher Corporation (DHR) has dropped -1.96% previous session, and was -3.16% down over the past year, while Vertex Pharmaceuticals Incorporated (VRTX) was also up 0.56% in the last session, while its price remained in the green at 37.48% over the same period. Catalent Inc. has a P/E ratio of 21.20 compared to Thermo Fisher Scientific Inc.’s 32.64 and Danaher Corporation’s 29.98. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to Catalent Inc. (NYSE:CTLT), we note that the average 3-month trading volume was 3.35 million, while that of the preceding 10-day period stands at 2.78 million. Current shares outstanding are 180.00 million.

The insiders hold 0.50% of the company’s shares. The data shows that short shares as of Oct 13, 2022, stood at 4.3 million at a short ratio of 2.68. This represents a 2.39% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 3.65 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 10.13% up in year-to-date price movement.

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