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Clarivate (CLVT) Gets a Buy Rating from RBC Capital

In a report issued on March 20, Ashish Sabadra from RBC Capital maintained a Buy rating on Clarivate (CLVTResearch Report), with a price target of $23.00. The company’s shares closed last Monday at $15.76.

According to TipRanks.com, Sabadra is a 4-star analyst with an average return of 5.3% and a 50.5% success rate. Sabadra covers the Services sector, focusing on stocks such as Terminix Global Holdings, Vivint Smart Home, and ARAMARK Holdings.

Currently, the analyst consensus on Clarivate is a Moderate Buy with an average price target of $18.60, implying a 18.8% upside from current levels. In a report issued on March 8, Stifel Nicolaus also maintained a Buy rating on the stock with a $19.00 price target.

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Based on Clarivate’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $442 million and net profit of $28.42 million. In comparison, last year the company earned revenue of $456 million and had a GAAP net loss of $13.73 million.

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Clarivate Analytics Plc provides trusted insights and analytics to accelerate the pace of innovation. Its solutions include scientific and research, patent intelligence and compliance standards, pharmaceutical and biotech intelligence and trademark, domain and brand protection. The company product portfolio includes Life Science, Web of Science, Cortellis, Derwent, CompuMark, MarkMonitor and Techstreet. It helps clients to reduce the time from new ideas to life changing innovations. The company was founded in 1864 and is headquartered in St. Helier, Jersey.

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