Last Updated: 04 Sep 2024
Executive Summary
Clarivate Plc (CLVT) is an information services and analytics company with a market capitalization of $4.8 billion. The company has been reporting losses in recent quarters, with an EPS of -$1.91 for the latest quarter. Despite the losses, analysts remain optimistic about the company's long-term prospects, with a consensus target price of $7.32 and 4 strong buy ratings.
Company Overview
Clarivate Plc provides analysis and structured information for the discovery, protection, and commercialization of scientific research, innovations, and brands. The company's products and services are used by researchers, innovators, businesses, and governments around the world. Clarivate Plc is headquartered in London, the United Kingdom, and has operations in over 100 countries.
Fundamental Analysis
Clarivate Plc's financial performance has been mixed in recent years. The company has reported losses in recent quarters, but its revenue has grown steadily. For the latest quarter, Clarivate Plc reported revenue of $2.6 billion, up 2.8% from the same period last year. The company's gross profit margin was 65.5%, and its operating margin was 10.8%. Clarivate Plc's net loss for the quarter was $191 million, or $1.91 per share.
Clarivate Plc's balance sheet is strong. The company has $2.2 billion in cash and equivalents and $1.7 billion in debt. The company's debt-to-equity ratio is 0.78, which is considered to be a manageable level.
Technical Analysis
Clarivate Plc's stock price has been trading in a range between $4.97 and $9.61 over the past 52 weeks. The stock is currently trading at $6.63, which is below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 45.5, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Clarivate Plc's stock price is likely to remain range-bound in the short term. The company's financial performance has been mixed, and the stock market is currently volatile. However, analysts remain optimistic about the company's long-term prospects.
Long Term Outlook
Clarivate Plc is a well-positioned company in the growing information services and analytics market. The company's products and services are used by a wide range of customers, and the company has a strong financial position. Clarivate Plc is expected to continue to grow its revenue and earnings in the long term.
Analyst Recommendations
Analysts have a consensus target price of $7.32 for Clarivate Plc. Four analysts have a strong buy rating on the stock, one analyst has a buy rating, three analysts have a hold rating, and two analysts have a sell rating.
