Catalent, Inc. (NYSE:CTLT) Stock Traded Higher Than Its 50 Day Average

Cook Pharmica was founded in 2004

Perkins Investment Management, LLC now controls 1,171,553 shares valued at $33,178,000. BlackRock Inc. boosted its position in Catalent by 18,027.4% during the first quarter. Acadian Asset Management LLC raised its stake in Catalent by 115.7% in the 1st quarter. Engineers Gate Manager Lp now owns 97,430 shares worth $3,420,000. Janus Capital Management LLC claims 6,318,287 shares with a value of $178,934,000. Finally, Commerce Bank grew its holdings in Catalent by 3.3% during the 2nd quarter. The fund owned 1,667,160 shares of the company's stock after purchasing an additional 12,500 shares during the period.

Here are a few substantial investment firms who have updated their positions. The firm set a "hold" rating and a $42.00 price target on the stock. Finally, Piper Jaffray Companies reiterated a "buy" rating and set a $45.00 price objective on shares of Catalent in a research note on Tuesday, August 29th.

Several research analysts have issued reports on the stock. Catalent presently has a consensus rating of "Buy" and a consensus price target of $36.80.

On September 13, 2017 Needham starting coverage on the stock with a rating of "Hold".

In related news, SVP Christine Dolan sold 1,594 shares of the business's stock in a transaction dated Tuesday, August 29th. Trading volume was up 286.55% over the stocks average daily volume. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. If you are accessing this report on another publication, it was copied illegally and republished in violation of US & worldwide copyright and trademark law.

Today Analysts Focus on Tailored Brands, Inc. (TLRD), Lockheed Martin Corporation (LMT)
The stock of Lockheed Martin Corporation (NYSE: LMT ) earned "Outperform" rating by RBC Capital Markets on Wednesday, January 27. First National Trust Co decreased Walgreens Boots Alliance Inc stake by 4,151 shares to 31,907 valued at $2.64M in 2016Q4.

Share of biologics, or drugs manufactured from living organisms, will account for about 21 percent of the combined entity's pro-forma revenue, Catalent said on a conference call.

Catalent, Inc. now has a P/E ratio of 45.39 and the market cap of the company is 4.94B. The stock's 50 day moving average is $35.64 and its 200 day moving average is $32.75.

Catalent (NASDAQ:CTLT) last announced its quarterly earnings data on Monday, August 28th. The firm had revenue of $616.90 million during the quarter, compared to analysts' expectations of $547.48 million. Catalent had a net margin of 4.88% and a return on equity of 16.95%. Catalent's quarterly revenue was up 15.9% compared to the same quarter a year ago. As of the last earnings report the EPS was $0.87 and is estimated to be $1.61 for the current year with 125,175,000 shares outstanding.

Catalent bills itself as the "leading global provider of advanced delivery technologies and development solutions for drugs, biologics, and consumer health products".

Swiss pharmaceutical supplier Lonza Group AG (LONN.S) a year ago said it would buy Capsugel, a US maker of capsules and other drug delivery systems, for $5.5 billion. The Drug Delivery Solutions segment is involved in the formulation, development and manufacturing of prescription and consumer and animal health products using its OptiMelt, OptiPact, OptiForm and Zydis technologies, other drug delivery technologies, such as prefilled syringes; blow-fill seal unit dose manufacturing, including its ADVASEPT technology; biologic cell line development, including its GPEx and SMARTag technologies; and analytical and bioanalytical development, and testing services.

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