Analysts Set Avantor, Inc. (NYSE:AVTR) Price Target at $26.14

Shares of Avantor, Inc. (NYSE:AVTR) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $26.14.

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Avantor from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. upped their price objective on Avantor from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. UBS Group boosted their target price on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Evercore ISI raised shares of Avantor from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $19.50 to $26.00 in a report on Thursday, January 4th. Finally, TD Cowen raised shares of Avantor from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $21.00 to $28.00 in a report on Monday, December 11th.

Insiders Place Their Bets

In related news, EVP James Bramwell sold 6,203 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Avantor by 6.2% during the second quarter. Geode Capital Management LLC now owns 9,267,494 shares of the company’s stock worth $190,017,000 after acquiring an additional 543,827 shares during the last quarter. Credit Suisse AG grew its holdings in Avantor by 43.5% during the 2nd quarter. Credit Suisse AG now owns 1,254,238 shares of the company’s stock worth $25,762,000 after acquiring an additional 380,114 shares in the last quarter. Northern Trust Corp grew its holdings in Avantor by 9.0% during the 3rd quarter. Northern Trust Corp now owns 4,129,447 shares of the company’s stock worth $87,049,000 after acquiring an additional 342,553 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Avantor by 12.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 658,563 shares of the company’s stock valued at $13,883,000 after buying an additional 74,078 shares in the last quarter. Finally, Aviva PLC boosted its holdings in shares of Avantor by 47.5% in the 3rd quarter. Aviva PLC now owns 235,591 shares of the company’s stock valued at $4,966,000 after buying an additional 75,898 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Trading Down 0.1 %

NYSE AVTR opened at $25.55 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 1.00. Avantor has a twelve month low of $16.63 and a twelve month high of $26.16. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 53.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The business’s fifty day moving average is $24.14 and its 200 day moving average is $22.01.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, February 14th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $0.32 EPS. Avantor’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Avantor will post 1.01 EPS for the current fiscal year.

Avantor Company Profile

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.