Clarivate Plc (NYSE:CLVT – Get Free Report) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $7.78.
Separately, The Goldman Sachs Group dropped their price target on Clarivate from $8.50 to $7.50 and set a “buy” rating on the stock in a research note on Thursday, May 9th.
Read Our Latest Research Report on Clarivate
Institutional Trading of Clarivate
Clarivate Trading Down 2.8 %
NYSE CLVT opened at $5.53 on Tuesday. The business’s 50-day moving average price is $6.05 and its two-hundred day moving average price is $7.48. Clarivate has a 12 month low of $5.19 and a 12 month high of $10.03. The firm has a market capitalization of $3.70 billion, a PE ratio of -3.33, a price-to-earnings-growth ratio of 3.84 and a beta of 1.15. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03.
Clarivate (NYSE:CLVT – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Clarivate had a positive return on equity of 10.11% and a negative net margin of 39.29%. The firm had revenue of $621.20 million for the quarter, compared to analyst estimates of $614.57 million. On average, analysts expect that Clarivate will post 0.62 EPS for the current year.
Clarivate Company Profile
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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