Clarivate Plc (NYSE:CLVT) Receives $8.00 Average PT from Analysts

Shares of Clarivate Plc (NYSE:CLVTGet Free Report) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.00.

A number of equities analysts have issued reports on CLVT shares. Royal Bank of Canada reduced their target price on Clarivate from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. Oppenheimer decreased their price objective on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Barclays reduced their price target on shares of Clarivate from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 28th. Finally, Morgan Stanley lowered their price objective on shares of Clarivate from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th.

Check Out Our Latest Report on Clarivate

Clarivate Stock Up 0.6 %

Shares of NYSE:CLVT opened at $6.99 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of -4.72, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a 50 day moving average of $7.62 and a 200-day moving average of $7.85. Clarivate has a one year low of $6.07 and a one year high of $10.03.

Clarivate (NYSE:CLVTGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Clarivate had a negative net margin of 34.66% and a positive return on equity of 9.95%. The firm had revenue of $683.70 million during the quarter, compared to analyst estimates of $687.80 million. During the same quarter in the previous year, the business earned $0.20 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Clarivate will post 0.61 earnings per share for the current year.

Institutional Trading of Clarivate

Hedge funds and other institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Clarivate in the third quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased its stake in Clarivate by 201.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,682 shares of the company’s stock valued at $45,000 after buying an additional 3,129 shares during the last quarter. Macquarie Group Ltd. lifted its position in Clarivate by 40.5% during the 1st quarter. Macquarie Group Ltd. now owns 6,077 shares of the company’s stock worth $57,000 after buying an additional 1,753 shares in the last quarter. Montag A & Associates Inc. boosted its stake in shares of Clarivate by 729.6% during the 4th quarter. Montag A & Associates Inc. now owns 7,732 shares of the company’s stock worth $72,000 after buying an additional 6,800 shares during the last quarter. Finally, Forum Financial Management LP bought a new position in shares of Clarivate in the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 85.72% of the company’s stock.

About Clarivate

(Get Free Report

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.

Further Reading

Analyst Recommendations for Clarivate (NYSE:CLVT)

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