Catalent, Inc. (NYSE:CTLT) registered a 4.60% increase, still its new closing price is 47.94% up from the company’s 1 year high of 32.24.It posted 1.86% gains in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 12 stock analysts following this company have an average price target at $27.63, with individual PT in the $25.00-$31.00 range. The shares moved at $27.99, implying that brokerage firms see shares gaining about 22.92% in twelve months time.
Catalent, Inc. (CTLT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.82% rise year to date. A 10% Owner at Catalent, Inc. (CTLT) offloaded shares in a transaction closed on Friday September 09, 2016. Blackstone Management Associat sold 17,100,705 shares in the company at $23.58 each and collected $403,234,001 in proceeds. Blackstone Management Associat now owns 0 shares in the company after this transaction. A 10% Owner in the company, Blackstone Management Associat, disclosed a transaction on Thursday June 09, 2016 that ended up generating $215,333,001 from the sale of 8,785,539 shares at $24.51 per share.
Catalent, Inc. (NYSE:CTLT) Upcoming Results on Tap
Catalent, Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.21 in that period. Sales during the quarter are predicted to arrive at $471.3 million.
Earnings surprise history: Last quarter, the company posted approximately $442.2 million in revenue and EPS of $0.16. The mean forecast was for $430.24 million and $0.15 a share, respectively. One quarter earlier, revenue for the stock was at $532.2 million, with earnings at $0.52/share.
Catalent, Inc. (CTLT) Brokerage Update
Catalent, Inc. (CTLT) is in Wells Fargo’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Market Perform by Wells Fargo, according to news reported on Tuesday June 21, 2016.Another important research note was issued by BofA/Merrill on Monday June 20, 2016.The firm upgraded CTLT to Buy from Neutral. Over the last six months and over the last three months, the shares of Catalent, Inc. (CTLT), have changed 11.07% and 22.71%, respectively.