Avantor, Inc. (NYSE:AVTR) Receives Average Rating of “Moderate Buy” from Analysts

Avantor, Inc. (NYSE:AVTRGet Free Report) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.79.

A number of equities research analysts have weighed in on AVTR shares. Robert W. Baird decreased their target price on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Barclays cut their price target on Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Citigroup downgraded Avantor from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $23.00 in a report on Wednesday. Evercore ISI cut their price target on Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, April 18th.

Read Our Latest Analysis on Avantor

Avantor Trading Up 0.1 %

Shares of NYSE AVTR opened at $20.90 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $23.13 and a two-hundred day simple moving average of $23.71. The firm has a market cap of $14.20 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. Avantor has a twelve month low of $16.63 and a twelve month high of $26.16.

Avantor (NYSE:AVTRGet Free Report) last issued its earnings results on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Avantor had a return on equity of 13.01% and a net margin of 3.79%. Avantor’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Analysts expect that Avantor will post 1.01 earnings per share for the current fiscal year.

Institutional Trading of Avantor

Several large investors have recently added to or reduced their stakes in AVTR. Norges Bank purchased a new stake in Avantor during the 4th quarter valued at about $156,455,000. CCLA Investment Management grew its stake in Avantor by 147,220.3% during the 1st quarter. CCLA Investment Management now owns 4,720,144 shares of the company’s stock valued at $120,828,000 after purchasing an additional 4,716,940 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Avantor during the 4th quarter valued at about $93,433,000. Avidity Partners Management LP purchased a new stake in Avantor during the 4th quarter valued at about $48,442,000. Finally, Magnetar Financial LLC purchased a new stake in Avantor during the 1st quarter valued at about $35,154,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Company Profile

(Get Free Report

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.

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Analyst Recommendations for Avantor (NYSE:AVTR)

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