Clarivate Plc [CLVT] stock Downgrade by Citigroup analyst, price target now $16

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Clarivate Plc [NYSE: CLVT] closed the trading session at $13.58 on 07/12/22. The day’s price range saw the stock hit a low of $13.455, while the highest price level was $13.91. The company report on July 11, 2022 that Clarivate Announces Retirement of Chief Executive Officer Jerre Stead and Appointment of Jonathan Gear as New CEO.


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Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced that Jerre Stead, Executive Chair and Chief Executive Officer, is retiring from his CEO role effective September 1, 2022, but will continue as Non-Executive Chair of the Board of Directors. During Mr. Stead’s tenure as Clarivate CEO, the company has nearly tripled in size both in revenue and colleague population, delivered strong cash flow, completed multiple strategic acquisitions, and aligned into a customer- and colleague-centric enterprise.

With this transition, the board of directors has selected Jonathan Gear to succeed Mr. Stead. Mr. Gear is joining Clarivate as CEO-elect and a member of the board of directors on July 11, 2022. Mr. Gear will become Chief Executive Officer on September 1, 2022, at which time Mr. Stead will become Non-Executive Chair.

The stocks have a year to date performance of -42.26 percent and weekly performance of -3.82 percent. The stock has been moved at -39.29 percent over the last six months. The stock has performed -6.02 percent around the most recent 30 days and changed -16.22 percent over the most recent 3-months.

If compared to the average trading volume of 4.80M shares, CLVT reached to a volume of 5346373 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Clarivate Plc [CLVT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLVT shares is $17.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLVT stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Clarivate Plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 04, 2022. The new note on the price target was released on February 03, 2022, representing the official price target for Clarivate Plc stock. Previously, the target price had yet another raise to $35, while Citigroup analysts kept a Buy rating on CLVT stock.

The Average True Range (ATR) for Clarivate Plc is set at 0.55, with the Price to Sales ratio for CLVT stock in the period of the last 12 months amounting to 4.36. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.74. Price to Free Cash Flow for CLVT in the course of the last twelve months was 102.15 with Quick ratio for the last quarter at 0.90.

CLVT stock trade performance evaluation

Clarivate Plc [CLVT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.82. With this latest performance, CLVT shares dropped by -6.02% in over the last four-week period, additionally sinking by -39.29% over the last 6 months – not to mention a drop of -47.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLVT stock in for the last two-week period is set at 43.34, with the RSI for the last a single of trading hit 39.95, and the three-weeks RSI is set at 44.47 for Clarivate Plc [CLVT]. The present Moving Average for the last 50 days of trading for this stock 14.27, while it was recorded at 14.03 for the last single week of trading, and 18.24 for the last 200 days.

Clarivate Plc [CLVT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Clarivate Plc [CLVT] shares currently have an operating margin of +2.39 and a Gross Margin at +37.99. Clarivate Plc’s Net Margin is presently recorded at -14.41.

Return on Equity for this stock declined to -2.58, with Return on Assets sitting at -1.55.

Clarivate Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Clarivate Plc [CLVT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLVT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clarivate Plc go to 24.20%.

Clarivate Plc [CLVT]: Insider Ownership positions

There are presently around $7,901 million, or 98.70% of CLVT stock, in the hands of institutional investors. The top three institutional holders of CLVT stocks are: LEONARD GREEN & PARTNERS, L.P. with ownership of 116,666,507, which is approximately 0% of the company’s market cap and around 1.40% of the total institutional ownership; GENERATION INVESTMENT MANAGEMENT LLP, holding 45,290,370 shares of the stock with an approximate value of $627.27 million in CLVT stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $427.41 million in CLVT stock with ownership of nearly -30.01% of the company’s market capitalization.

Positions in Clarivate Plc stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 172 institutional holders increased their position in Clarivate Plc [NYSE:CLVT] by around 79,436,034 shares. Additionally, 144 investors decreased positions by around 81,786,489 shares, while 20 investors held positions by with 409,218,996 shares. The mentioned changes placed institutional holdings at 570,441,519 shares, according to the latest SEC report filing. CLVT stock had 49 new institutional investments in for a total of 36,371,505 shares, while 56 institutional investors sold positions of 13,950,553 shares during the same period.

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