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

Avantor, Inc. (NYSE:AVTR – Get Rating) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $29.33.

Several brokerages have weighed in on AVTR. Raymond James lifted their price objective on shares of Avantor from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avantor in a research note on Tuesday, December 13th. They issued a “hold” rating and a $24.00 price objective for the company. Barclays boosted their target price on shares of Avantor from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, January 24th. Robert W. Baird dropped their target price on shares of Avantor from $29.00 to $27.00 in a research report on Monday, February 6th. Finally, Wells Fargo & Company boosted their target price on shares of Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th.

Avantor Stock Performance

NYSE AVTR opened at $21.14 on Friday. Avantor has a 52-week low of $17.91 and a 52-week high of $35.22. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.05 and a current ratio of 1.60. The firm has a 50-day moving average of $23.29 and a 200-day moving average of $22.03. The stock has a market cap of $14.26 billion, a PE ratio of 20.73 and a beta of 1.37.

Avantor (NYSE:AVTR – Get Rating) last issued its quarterly earnings data on Friday, February 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Avantor had a net margin of 9.14% and a return on equity of 22.06%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Avantor will post 1.41 EPS for the current year.

Insider Activity at Avantor

In related news, EVP Christophe Couturier sold 3,078 shares of Avantor stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $24.24, for a total transaction of $74,610.72. Following the sale, the executive vice president now directly owns 94,370 shares of the company’s stock, valued at approximately $2,287,528.80. 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 Christophe Couturier sold 3,078 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $24.24, for a total transaction of $74,610.72. Following the sale, the executive vice president now directly owns 94,370 shares of the company’s stock, valued at approximately $2,287,528.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gerard Brophy sold 3,914 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $25.00, for a total transaction of $97,850.00. Following the sale, the executive vice president now directly owns 108,715 shares in the company, valued at $2,717,875. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,331 shares of company stock valued at $456,616. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Avantor

A number of institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new position in shares of Avantor in the 4th quarter worth approximately $32,000. Gladius Capital Management LP acquired a new position in shares of Avantor in the 4th quarter worth approximately $36,000. Dark Forest Capital Management LP lifted its position in shares of Avantor by 165.0% in the 2nd 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. Nisa Investment Advisors LLC lifted its position in shares of Avantor by 794.5% in the 3rd 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. Finally, CoreCap Advisors LLC acquired a new position in shares of Avantor in the 4th quarter worth approximately $44,000. 88.80% of the stock is owned by institutional investors.

Avantor Company Profile

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Avantor, Inc engages in providing mission critical products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. It sells materials, equipment, instrumentation, and offers specialty procurement. The firm operates through the following segments: the Americas, Europe, and AMEA.