Avantor (NYSE:AVTR) Price Target Increased to $26.00 by Analysts at Barclays

Avantor (NYSE:AVTRGet Rating) had its price target upped by Barclays from $23.00 to $26.00 in a report issued on Tuesday, The Fly reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on AVTR. Deutsche Bank Aktiengesellschaft began coverage on shares of Avantor in a research report on Tuesday, December 13th. They issued a hold rating and a $24.00 target price on the stock. Robert W. Baird cut their price target on shares of Avantor from $32.00 to $29.00 and set an outperform rating on the stock in a report on Monday, October 31st. Credit Suisse Group cut their price target on shares of Avantor from $32.00 to $25.00 and set a neutral rating on the stock in a report on Monday, October 31st. The Goldman Sachs Group cut their price target on shares of Avantor from $37.00 to $32.00 and set a buy rating on the stock in a report on Thursday, October 13th. Finally, UBS Group cut their price target on shares of Avantor to $33.00 in a report on Friday, November 4th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Avantor has a consensus rating of Moderate Buy and an average target price of $28.67.

Avantor Price Performance

AVTR opened at $23.04 on Tuesday. The company’s 50 day simple moving average is $21.43 and its 200 day simple moving average is $23.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.07 and a current ratio of 1.65. Avantor has a 1 year low of $17.91 and a 1 year high of $38.83. The stock has a market capitalization of $15.53 billion, a PE ratio of 24.51 and a beta of 1.36.

Avantor (NYSE:AVTRGet Rating) last released its earnings results on Friday, October 28th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Avantor had a net margin of 8.38% and a return on equity of 24.67%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Avantor will post 1.39 EPS for the current year.

Insider Transactions at Avantor

In related news, CFO Thomas A. Szlosek purchased 12,500 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average price of $20.71 per share, with a total value of $258,875.00. Following the completion of the transaction, the chief financial officer now owns 35,668 shares of the company’s stock, valued at $738,684.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Thomas A. Szlosek purchased 12,500 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average price of $20.71 per share, with a total value of $258,875.00. Following the completion of the transaction, the chief financial officer now owns 35,668 shares of the company’s stock, valued at $738,684.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Stubblefield purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were bought at an average cost of $20.95 per share, with a total value of $314,250.00. Following the transaction, the chief executive officer now directly owns 429,500 shares of the company’s stock, valued at approximately $8,998,025. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Avantor

Hedge funds have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP boosted its holdings in Avantor by 165.0% in the second quarter. Dark Forest Capital Management LP now owns 1,346 shares of the company’s stock worth $42,000 after purchasing an additional 838 shares during the period. Quadrant Capital Group LLC boosted its holdings in Avantor by 217.8% in the second quarter. Quadrant Capital Group LLC now owns 2,031 shares of the company’s stock worth $63,000 after purchasing an additional 1,392 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Avantor by 794.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,120 shares of the company’s stock worth $42,000 after purchasing an additional 1,883 shares during the period. Alta Advisers Ltd acquired a new position in Avantor in the third quarter worth $47,000. Finally, TFC Financial Management acquired a new position in Avantor in the third quarter worth $51,000. Institutional investors and hedge funds own 88.80% of the company’s stock.

About Avantor

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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.

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