Catalent Inc (CTLT) is Initiated by Goldman to Neutral

Catalent Inc (CTLT) was Initiated by Goldman to “Neutral”. Goldman advised their investors in a research report released on Dec 1, 2016.

Many Wall Street Analysts have commented on Catalent Inc. KeyBanc Capital Mkts Initiated Catalent Inc on Oct 20, 2016 to “Overweight”, Price Target of the shares are set at $29.

On the company’s financial health, Catalent Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.15. The company had revenue of $442.20 million for the quarter, compared to analysts expectations of $432.05 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Catalent Inc closed down -0.19 points or -0.78% at $24.11 with 8,52,840 shares getting traded on Tuesday. Post opening the session at $24.47, the shares hit an intraday low of $23.88 and an intraday high of $24.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 1, 2016, Matthew M Walsh (officer ) sold 21,197 shares at $28.85 per share price. According to the SEC, on Aug 19, 2015, John R Chiminski (director officer ) sold 38,505 shares at $33.87 per share price. On Apr 3, 2015, Scott Houlton (officer ) sold 16,253 shares at $30.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Catalent Inc. is a provider of advanced delivery technologies and development solutions for drugs biologics and consumer health products. The Company’s segments include Oral Technologies Medication Delivery Solutions and Development and Clinical Services. The Oral Technologies segment provides advanced oral delivery technologies including formulation development and manufacturing of oral dose forms for prescription and consumer health products across all phases of a molecule’s lifecycle. The Medication Delivery Solutions segment provides formulation development and manufacturing services for delivery of drugs and biologics administered through injection inhalation and ophthalmic routes using both traditional and advanced technologies. The Development and Clinical Services segment provides manufacturing packaging storage and inventory management for drugs and biologics in clinical trials.

Catalent Inc

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