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

Shares of Avantor, Inc. (NYSE:AVTR) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.71.

A number of research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Raymond James raised their target price on Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Barclays increased their price target on Avantor from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, UBS Group increased their price target on Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, February 15th.

Insider Buying and Selling

In other Avantor news, EVP James Bramwell sold 6,203 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total transaction of $151,911.47. Following the transaction, the executive vice president now owns 101,143 shares in the company, valued at $2,476,992.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Avantor

Large investors have recently bought and sold shares of the business. Park Place Capital Corp boosted its position in Avantor by 18.2% in the 3rd quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock valued at $64,000 after buying an additional 467 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Avantor by 1.3% in the first quarter. Cibc World Market Inc. now owns 36,082 shares of the company’s stock valued at $1,220,000 after purchasing an additional 480 shares during the period. Dynamic Advisor Solutions LLC grew its stake in Avantor by 3.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 18,598 shares of the company’s stock worth $392,000 after purchasing an additional 579 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Avantor by 2.0% during the 4th quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company’s stock worth $690,000 after purchasing an additional 591 shares during the period. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of Avantor by 4.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 15,881 shares of the company’s stock worth $363,000 after buying an additional 622 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Trading Down 0.8 %

NYSE AVTR opened at $24.10 on Friday. Avantor has a one year low of $16.63 and a one year high of $26.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.61 and a quick ratio of 1.05. The business has a 50 day simple moving average of $24.93 and a 200 day simple moving average of $22.46. The stock has a market capitalization of $16.35 billion, a P/E ratio of 50.21, a P/E/G ratio of 1.53 and a beta of 1.37.

Avantor (NYSE:AVTR) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts expect that Avantor will post 1.01 earnings per share for the current year.

About Avantor

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.