Avantor (NYSE:AVTR) Price Target Increased to $25.00 by Analysts at Deutsche Bank Aktiengesellschaft

Avantor (NYSE:AVTR) had its target price lifted by Deutsche Bank Aktiengesellschaft from $23.00 to $25.00 in a research note published on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other research firms also recently weighed in on AVTR. Barclays increased their price target on Avantor from $27.00 to $30.00 and gave the company an overweight rating in a research note on Wednesday, April 10th. Citigroup increased their price target on Avantor from $24.00 to $30.00 and gave the company a buy rating in a research note on Thursday, February 15th. Raymond James increased their price target on Avantor from $22.50 to $26.00 and gave the company an outperform rating in a research note on Friday, January 26th. JPMorgan Chase & Co. increased their price target on Avantor from $26.00 to $29.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Finally, Robert W. Baird lifted their target price on Avantor from $25.00 to $26.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $26.71.

Avantor Stock Down 0.4 %

Shares of AVTR opened at $24.29 on Thursday. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 50.60, a PEG ratio of 1.55 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. The business’s fifty day moving average price is $24.91 and its two-hundred day moving average price is $22.44. 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 Wednesday, February 14th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. On average, analysts predict that Avantor will post 1.01 earnings per share for the current year.

Insider Activity

In other news, EVP James Bramwell sold 6,203 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total value of $151,911.47. Following the sale, the executive vice president now directly owns 101,143 shares in the company, valued at $2,476,992.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Avantor

A number of institutional investors have recently modified their holdings of AVTR. Raymond James & Associates increased its position in shares of Avantor by 84.8% in the fourth quarter. Raymond James & Associates now owns 1,165,646 shares of the company’s stock valued at $26,612,000 after acquiring an additional 534,901 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Avantor by 17.6% in the fourth quarter. DAVENPORT & Co LLC now owns 2,283,767 shares of the company’s stock valued at $52,430,000 after acquiring an additional 342,452 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Avantor by 8.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,508,557 shares of the company’s stock valued at $57,269,000 after acquiring an additional 194,031 shares during the last quarter. Northern Trust Corp increased its position in shares of Avantor by 9.0% in the third quarter. Northern Trust Corp now owns 4,129,447 shares of the company’s stock valued at $87,049,000 after acquiring an additional 342,553 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Avantor by 12.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 658,563 shares of the company’s stock valued at $13,883,000 after acquiring an additional 74,078 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors.

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.