Avantor (NYSE:AVTR) Given New $37.00 Price Target at Morgan Stanley

Avantor (NYSE:AVTRGet Rating) had its price objective lowered by Morgan Stanley from $40.00 to $37.00 in a research report sent to investors on Monday, Stock Target Advisor reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the company. William Blair reaffirmed an outperform rating on shares of Avantor in a research report on Friday, April 29th. Raymond James reduced their price target on Avantor from $40.00 to $36.00 in a research report on Monday. Cowen reduced their price target on Avantor from $50.00 to $44.00 in a research report on Tuesday, April 19th. Wells Fargo & Company reduced their price target on Avantor from $42.00 to $33.00 and set an overweight rating for the company in a research report on Monday, April 25th. Finally, Cowen reduced their price target on Avantor from $50.00 to $44.00 in a research report on Tuesday, April 19th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Avantor presently has an average rating of Moderate Buy and an average price target of $40.60.

Avantor Price Performance

NYSE AVTR opened at $29.49 on Monday. The business has a 50 day simple moving average of $30.95 and a 200 day simple moving average of $32.63. Avantor has a 52-week low of $27.50 and a 52-week high of $44.37. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.18 and a current ratio of 1.80. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 0.69 and a beta of 1.30.

Avantor (NYSE:AVTRGet Rating) last posted its earnings results on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Avantor had a return on equity of 29.78% and a net margin of 8.27%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.35 earnings per share. Avantor’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Avantor will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Avantor

In other Avantor news, EVP Frederic Vanderhaegen sold 39,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $31.61, for a total transaction of $1,232,790.00. Following the completion of the sale, the executive vice president now owns 126,764 shares of the company’s stock, valued at approximately $4,007,010.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Avantor news, EVP Gerard Brophy sold 19,603 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $31.27, for a total transaction of $612,985.81. Following the transaction, the executive vice president now owns 96,935 shares in the company, valued at approximately $3,031,157.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic Vanderhaegen sold 39,000 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $31.61, for a total value of $1,232,790.00. Following the transaction, the executive vice president now owns 126,764 shares in the company, valued at approximately $4,007,010.04. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AVTR. Bank of New Hampshire bought a new position in Avantor during the 1st quarter worth $25,000. Capital Advisors Ltd. LLC bought a new position in Avantor during the 4th quarter worth $29,000. Byrne Asset Management LLC bought a new position in Avantor during the 4th quarter worth $32,000. Quadrant Capital Group LLC increased its position in Avantor by 297.2% during the 4th quarter. Quadrant Capital Group LLC now owns 977 shares of the company’s stock worth $41,000 after buying an additional 731 shares during the period. Finally, Standard Family Office LLC bought a new position in Avantor during the 4th quarter worth $50,000. Institutional investors own 93.24% of the company’s stock.

Avantor Company Profile

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Avantor, Inc provides products and services to customers in 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.

Further Reading

Analyst Recommendations for Avantor (NYSE:AVTR)

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