Clarivate Plc (NYSE:CLVT) Receives Average Rating of “Hold” from Analysts

Shares of Clarivate Plc (NYSE:CLVT) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.00.

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

Institutional Trading of Clarivate

Hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in shares of Clarivate in the 3rd quarter worth approximately $33,000. Montag A & Associates Inc. lifted its position in shares of 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. Forum Financial Management LP bought a new stake in shares of Clarivate in the 3rd quarter worth approximately $81,000. Wedmont Private Capital bought a new stake in shares of Clarivate in the 4th quarter worth approximately $99,000. Finally, Simplicity Solutions LLC bought a new stake in shares of Clarivate in the 3rd quarter worth approximately $108,000. Institutional investors own 85.72% of the company’s stock.

Clarivate Trading Down 0.6 %

Shares of NYSE CLVT opened at $7.10 on Thursday. Clarivate has a 12 month low of $6.07 and a 12 month high of $10.03. The company has a market cap of $4.74 billion, a price-to-earnings ratio of -4.80, a P/E/G ratio of 1.47 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $7.49 and a 200-day simple moving average of $7.86.

Clarivate (NYSE:CLVT) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Clarivate had a positive return on equity of 9.95% and a negative net margin of 34.66%. The firm had revenue of $683.70 million during the quarter, compared to the consensus estimate of $687.80 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Clarivate will post 0.61 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.