Clarivate Plc (NYSE:CLVT) Given Average Recommendation of “Hold” by Brokerages

Clarivate Plc (NYSE:CLVTGet Free Report) has earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.78.

CLVT has been the topic of several recent research reports. Oppenheimer decreased their price objective on shares of Clarivate from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Morgan Stanley cut their target price on shares of Clarivate from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada cut their target price on shares of Clarivate from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Barclays cut their target price on shares of Clarivate from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group cut their target price on shares of Clarivate from $8.50 to $7.50 and set a “buy” rating for the company in a research note on Thursday, May 9th.

Read Our Latest Report on Clarivate

Clarivate Price Performance

Clarivate stock opened at $5.76 on Friday. Clarivate has a 52 week low of $5.51 and a 52 week high of $10.03. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.03. The firm’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $7.75. The firm has a market capitalization of $3.85 billion, a PE ratio of -3.47, a P/E/G ratio of 3.76 and a beta of 1.20.

Clarivate (NYSE:CLVTGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Clarivate had a negative net margin of 39.29% and a positive return on equity of 10.11%. The business had revenue of $621.20 million for the quarter, compared to analyst estimates of $614.57 million. On average, equities research analysts predict that Clarivate will post 0.62 EPS for the current fiscal year.

Institutional Trading of Clarivate

Institutional investors and hedge funds have recently bought and sold shares of the business. Evermay Wealth Management LLC purchased a new position in Clarivate in the 1st quarter worth approximately $31,000. Banque Cantonale Vaudoise purchased a new position in Clarivate in the 3rd quarter worth approximately $33,000. Montag A & Associates Inc. boosted its holdings in Clarivate by 729.6% in the 4th quarter. Montag A & Associates Inc. now owns 7,732 shares of the company’s stock worth $72,000 after acquiring an additional 6,800 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Clarivate in the 1st quarter worth approximately $76,000. Finally, Wedmont Private Capital purchased a new position in Clarivate in the 4th quarter worth approximately $99,000. 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.

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Analyst Recommendations for Clarivate (NYSE:CLVT)

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