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

Avantor, Inc. (NYSE:AVTR) has received an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.71.

A number of equities analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Barclays increased their target price on shares of Avantor from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Robert W. Baird increased their target price on shares of Avantor from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, UBS Group increased their target price on shares of Avantor from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, February 15th.

Insider Activity

In related news, EVP James Bramwell sold 6,203 shares of Avantor 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 sale, the executive vice president now directly owns 101,143 shares in the company, valued at approximately $2,476,992.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Avantor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Place Capital Corp raised its stake in Avantor by 18.2% during the 3rd quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock worth $64,000 after acquiring an additional 467 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Avantor by 3.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 18,598 shares of the company’s stock worth $392,000 after acquiring an additional 579 shares in the last quarter. Vontobel Holding Ltd. raised its stake 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 acquiring an additional 591 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Avantor by 3.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company’s stock worth $427,000 after purchasing an additional 685 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Avantor by 125.3% during the 4th quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock worth $28,000 after purchasing an additional 694 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Avantor Stock Performance

Avantor stock opened at $23.94 on Friday. The firm has a 50 day simple moving average of $25.08 and a 200-day simple moving average of $22.61. Avantor has a 1-year low of $16.63 and a 1-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 stock has a market cap of $16.24 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.37.

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 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 business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts expect that Avantor will post 1.01 EPS 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.