FY2024 EPS Estimates for Avantor, Inc. (NYSE:AVTR) Increased by Analyst

Avantor, Inc. (NYSE:AVTR) – Stock analysts at William Blair lifted their FY2024 EPS estimates for Avantor in a research note issued to investors on Monday, April 29th. William Blair analyst M. Larew now forecasts that the company will earn $1.02 per share for the year, up from their previous forecast of $1.01. The consensus estimate for Avantor’s current full-year earnings is $1.01 per share.

A number of other equities research analysts also recently weighed in on the company. Barclays boosted their price target on Avantor from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Avantor from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Robert W. Baird decreased their price target on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Evercore ISI raised their target price on shares of Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

Avantor Trading Up 0.8 %

NYSE:AVTR opened at $24.42 on Wednesday. The company has a market cap of $16.58 billion, a PE ratio of 62.60, a P/E/G ratio of 1.47 and a beta of 1.37. The business’s 50 day moving average is $25.09 and its two-hundred day moving average is $22.69. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Avantor has a 52 week low of $16.63 and a 52 week high of $26.16.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. Avantor had a return on equity of 13.01% and a net margin of 3.79%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share.

Insider Buying and Selling at Avantor

In related news, EVP James Bramwell sold 6,203 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the sale, the executive vice president now owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in Avantor by 42.4% during the first quarter. BNP Paribas Financial Markets now owns 309,394 shares of the company’s stock valued at $7,911,000 after buying an additional 92,098 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Avantor by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,677 shares of the company’s stock valued at $2,088,000 after acquiring an additional 8,812 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Avantor during the 1st quarter valued at about $908,000. Norden Group LLC bought a new position in shares of Avantor during the 1st quarter valued at about $1,233,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Avantor by 8,060.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 857,276 shares of the company’s stock worth $21,921,000 after purchasing an additional 846,771 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Avantor Company Profile

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.