Published on 29 Jun 2022 on Zacks via Yahoo Finance
3 Reasons to Retain Catalent (CTLT) Stock in Your Portfolio
Catalent, Inc. CTLT is well-poised for growth in the coming quarters, backed by its robust facility-expansion activities over the past few months. A robust third-quarter fiscal 2022 performance, along with a slew of strategic deals over the past few months, is expected to contribute further. Catalent’s operation in a competitive landscape and regulatory requirements pose threats.
Over the past year, this Zacks Rank #3 (Hold) stock has lost 2.2% compared with a 30.8% fall of the industry and 11.6% decline of the S&P 500.
The renowned global provider of advanced delivery technologies has a market capitalization of $19.01 billion. Catalent projects 17.3% growth for the next five years and expects to maintain its strong performance. It has delivered an earnings surprise of 9.2% for the past four quarters, on average.