Avantor, Inc. (NYSE:AVTR) Receives Consensus Recommendation of “Buy” from Brokerages

Avantor, Inc. (NYSE:AVTRGet Rating) has been given a consensus recommendation of “Buy” by the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.92.

AVTR has been the topic of several research analyst reports. Barclays dropped their price objective on Avantor from $37.00 to $33.00 and set a “maintains” rating on the stock in a research note on Monday. The Goldman Sachs Group dropped their price objective on Avantor from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Citigroup lowered their target price on Avantor from $38.00 to $32.00 and set a “maintains” rating for the company in a report on Monday. Raymond James lowered their target price on Avantor from $40.00 to $36.00 and set a “maintains” rating for the company in a report on Monday. Finally, Morgan Stanley lowered their target price on Avantor from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Monday.

Avantor Trading Down 2.0 %

AVTR opened at $28.67 on Thursday. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 0.73 and a beta of 1.30. The stock’s 50 day moving average price is $30.87 and its 200-day moving average price is $32.58. Avantor has a one year low of $27.50 and a one year high of $44.37. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.18 and a current ratio of 1.64.

Avantor (NYSE:AVTRGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Avantor had a return on equity of 27.14% and a net margin of 8.27%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Avantor will post 1.45 EPS for the current year.

Insider Activity

In other 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 completion of the sale, the executive vice president now owns 96,935 shares in the company, valued at approximately $3,031,157.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Frederic Vanderhaegen sold 39,000 shares of the company’s 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 directly owns 126,764 shares of the company’s stock, valued at approximately $4,007,010.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gerard Brophy sold 19,603 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $31.27, for a total value of $612,985.81. Following the completion of the transaction, the executive vice president now directly owns 96,935 shares in the company, valued at $3,031,157.45. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Avantor

Several hedge funds have recently made changes to their positions in AVTR. Vanguard Group Inc. grew its position in Avantor by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 50,759,035 shares of the company’s stock worth $1,716,671,000 after purchasing an additional 439,147 shares during the period. Canada Pension Plan Investment Board grew its position in Avantor by 9.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 24,950,296 shares of the company’s stock worth $1,051,405,000 after purchasing an additional 2,251,340 shares during the period. Boston Partners grew its position in Avantor by 4.3% during the 1st quarter. Boston Partners now owns 19,771,940 shares of the company’s stock worth $668,176,000 after purchasing an additional 806,442 shares during the period. Pictet Asset Management SA grew its position in Avantor by 6.1% during the 4th quarter. Pictet Asset Management SA now owns 8,272,936 shares of the company’s stock worth $348,622,000 after purchasing an additional 475,370 shares during the period. Finally, Geode Capital Management LLC grew its position in Avantor by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 7,451,585 shares of the company’s stock worth $313,574,000 after purchasing an additional 482,461 shares during the period. 93.24% of the stock is owned by institutional investors and hedge funds.

Avantor Company Profile

(Get Rating)

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.

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Analyst Recommendations for Avantor (NYSE:AVTR)

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