Avantor (NYSE:AVTR) Price Target Cut to $25.00 by Analysts at Barclays

Avantor (NYSE:AVTR) had its price target dropped by investment analysts at Barclays from $28.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 11.46% from the company’s previous close.

Several other research analysts also recently commented on AVTR. Citigroup downgraded Avantor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $23.00 in a research note on Wednesday, July 10th. Robert W. Baird raised their target price on shares of Avantor from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of Avantor in a research report on Thursday, September 26th. Wells Fargo & Company started coverage on shares of Avantor in a research note on Tuesday, August 27th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Evercore ISI lowered their target price on shares of Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.79.

Avantor Stock Down 3.6 %

AVTR opened at $22.43 on Friday. The firm’s 50 day simple moving average is $25.49 and its two-hundred day simple moving average is $24.26. The company has a market capitalization of $15.24 billion, a PE ratio of 57.51, a PEG ratio of 2.93 and a beta of 1.33. Avantor has a 1-year low of $16.63 and a 1-year high of $28.00. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, October 25th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Avantor had a return on equity of 12.40% and a net margin of 5.28%. As a group, equities analysts forecast that Avantor will post 1.01 EPS for the current year.

Insider Buying and Selling at Avantor

In other news, CAO Steven W. Eck sold 3,525 shares of Avantor stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $25.06, for a total value of $88,336.50. Following the sale, the chief accounting officer now directly owns 29,544 shares of the company’s stock, valued at approximately $740,372.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners lifted its position in Avantor by 2.2% during the first quarter. Boston Partners now owns 28,561,802 shares of the company’s stock valued at $729,298,000 after purchasing an additional 624,369 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Avantor by 6.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 22,927,325 shares of the company’s stock valued at $486,059,000 after buying an additional 1,463,695 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Avantor by 1,634.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,530,118 shares of the company’s stock valued at $180,839,000 after acquiring an additional 8,038,451 shares during the last quarter. Bessemer Group Inc. grew its position in Avantor by 4.4% in the first quarter. Bessemer Group Inc. now owns 7,099,848 shares of the company’s stock worth $181,544,000 after acquiring an additional 297,534 shares in the last quarter. Finally, Robeco Schweiz AG increased its stake in Avantor by 5.0% during the second quarter. Robeco Schweiz AG now owns 6,006,985 shares of the company’s stock worth $127,348,000 after acquiring an additional 287,717 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

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.