Watching Catalent Inc. (CTLT) For Insider Activity

Catalent Inc. (NYSE:CTLT) finished Friday with an addition of $0.42 to close at $132.73, an upside of 0.32 percent. An average of 708,660 shares of common stock have been traded in the last five days. There was a gain of $3.96 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 708,605 shares traded, while the 50-day average volume stands at 914,570.

CTLT stock has decreased by -5.88% in the last month. The company shares reached their 1-month lowest point of $126.04 on 10/01/21. With the stock rallying to its 52-week high on 09/09/21, shares of the company touched a low of $86.43 and a high of $142.64 in 52 weeks. It has reached a new high 23 times so far this year and achieved 27.54% or $28.66 in price. In spite of this, the price is down -6.95% from the 52-week high.


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Insider Transactions

3 days have passed since Catalent Inc. (CTLT) last reported insider trading activity. Castellano Thomas P, who is SVP, Chief Financial Officer, most recently acquired $2,307 shares at $134.00 per share on Oct 20. In this transaction, the insider spent $309,138. Pres. Oral & Specialty Deliv., Arnold Jonathan, disposed of 1,661 shares at a price of $129.41 on Oct 14. The insider now owns more than $214,950 worth of shares. Prior to that, SVP & General Counsel Fasman Steven L went on to Sale 34,714 shares at $129.05 each on Oct 04. An amount of $4,479,975 was transacted.

Valuation Metrics

Catalent Inc. (CTLT) has a trailing price-to-earnings (P/E) ratio of 42.69, which compares with the 23.00 for the broader industry and 33.43 for the sector. In the last five years, Catalent Inc.’s PE ratio has ranged between 112.91 and 26.33. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.68, the price-to-book (PB) ratio at 5.78.

The quick ratio of Catalent Inc. for the three months ended June 29 was 1.90, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.83 for the quarter ending June 29. Catalent Inc.’s EBITDA margin for the year ending June 29 is 24.06%, while its operating margin for the same period stands at 20.30%. Its gross profit as reported stood at $1.35 billion compared to revenue of $4.0 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Catalent Inc.’s return on assets was 6.20%. For the broader industry, ROE averaged -15.50 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Catalent Inc. had $71.0 million in cash and short-term investments compared to $3.17 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $166.5 million in the quarter, while revenues of $217.1 million were grew 18.98%. The analyst consensus anticipated Catalent Inc.’s latest quarter earnings to come in at $1.03 per share, but it turned out to be $1.16, a 12.60% surprise. For the quarter, EBITDA amounted to $325.9 million. Shareholders own equity worth $170.79 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Catalent Inc. (CTLT) price momentum. RSI 9-day as of the close on 22 October was 56.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.67%.

As of today, CTLT’s price is $132.09 +3.08% or $3.96 from its 5-day moving average. CTLT is currently trading -6.09% lower than its 20-day SMA and +31.78% higher than its 100-day SMA. However, the stock’s current price level is +10.34% above the SMA50 and +22.25% above the SMA200.

The stochastic %K and %D were 73.76% and 69.85%, respectively, and the average true range (ATR) was 2.67. With the 14-day stochastic at 78.55% and the average true range at 2.82, the RSI (14) stands at 53.27%. The stock has reached 1.72 on the 9-day MACD Oscillator while the 14-day reading was at 1.96.

Analyst Ratings

KeyBanc Capital Markets upgraded Catalent Inc. (NYSE: CTLT) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Sector weight. The consensus rating for Catalent Inc. (CTLT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CTLT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is CTLT’s price target for the next 12 months?

Analysts predict a range of price targets between $145.00 and $168.00, with a median target of $153.50. Taking a look at these predictions, the average price target given by analysts for Catalent Inc. (CTLT) stock is $153.90.

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