Avantor, Inc. (NYSE:AVTR) Receives $10.62 Average Target Price from Analysts

Avantor, Inc. (NYSE:AVTR) has earned a consensus rating of “Reduce” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.6250.

Several research firms recently issued reports on AVTR. Barclays increased their price target on shares of Avantor from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada assumed coverage on Avantor in a research report on Thursday, May 14th. They set a “sector perform” rating and a $9.00 price objective for the company. Zacks Research raised Avantor from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Wolfe Research cut Avantor to an “underperform” rating and set a $7.00 target price on the stock. in a research report on Monday, June 1st. Finally, Wall Street Zen raised Avantor from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th.

Avantor Trading Up 0.2%

Shares of AVTR stock opened at $11.47 on Friday. The stock has a market cap of $7.83 billion, a P/E ratio of -14.16, a price-to-earnings-growth ratio of 6.37 and a beta of 0.94. Avantor has a 1 year low of $7.26 and a 1 year high of $15.93. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $9.40.

Avantor (NYSE:AVTR) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. On average, research analysts predict that Avantor will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Simon Dingemans bought 25,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at $203,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory T. Lucier bought 10,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $8.32 per share, with a total value of $83,200.00. Following the completion of the transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $499,200. The trade was a 20.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Avantor

Institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its position in Avantor by 46.2% during the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after purchasing an additional 875 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Avantor by 28.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company’s stock worth $49,000 after acquiring an additional 905 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Avantor by 60.9% in the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the period. UMB Bank n.a. lifted its stake in shares of Avantor by 17.6% in the fourth quarter. UMB Bank n.a. now owns 7,371 shares of the company’s stock worth $84,000 after acquiring an additional 1,101 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Avantor by 119.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after acquiring an additional 1,189 shares during the last quarter. 95.08% of the stock is owned by institutional investors.

About Avantor

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.