Avantor, Inc. (NYSE:AVTR) Given Consensus Rating of "Hold" by Brokerages
Avantor, Inc. (NYSE:AVTR) has received a consensus "Hold" rating from fifteen brokerages, with eleven analysts rating it as "Hold" and four as "Buy." The average 12-month price target is $14.4231. Recent analyst actions include Robert W. Baird raising their target to $17.00, while Evercore ISI and JPMorgan Chase & Co. lowered theirs. Insider trading activity shows significant stock purchases by directors. Avantor's stock is up 8.6%, with a market cap of $7.87 billion.
Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) have been given a consensus rating of "Hold" by the fifteen brokerages that are currently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $14.4231.
Several equities analysts have commented on AVTR shares. Robert W. Baird boosted their price target on shares of Avantor from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Friday, October 24th. Evercore ISI decreased their target price on Avantor from $16.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $12.00 target price (down from $14.00) on shares of Avantor in a research note on Thursday, October 30th. Raymond James Financial lowered Avantor from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 4th. Finally, Barclays reissued an "equal weight" rating and set a $12.00 price objective (down from $15.00) on shares of Avantor in a research report on Thursday, October 30th.
Read Our Latest Stock Analysis on Avantor
Insider Activity at Avantor
In other news, Director Gregory L. Summe purchased 100,000 shares of the stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $11.25 per share, for a total transaction of $1,125,000.00. Following the acquisition, the director directly owned 300,000 shares of the company's stock, valued at approximately $3,375,000. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sanjeev K. Mehra acquired 350,000 shares of the company's stock in a transaction on Friday, December 5th. The stock was purchased at an average cost of $11.09 per share, for a total transaction of $3,881,500.00. Following the completion of the transaction, the director owned 350,000 shares in the company, valued at approximately $3,881,500. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.20% of the company's stock.
Institutional Trading of Avantor
Institutional investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of Avantor in the 1st quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in Avantor by 288.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company's stock worth $28,000 after purchasing an additional 1,263 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Avantor by 119.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company's stock valued at $29,000 after purchasing an additional 1,189 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Avantor in the second quarter valued at approximately $32,000. Finally, FNY Investment Advisers LLC acquired a new stake in Avantor during the second quarter worth approximately $36,000. 95.08% of the stock is owned by hedge funds and other institutional investors.
Avantor Stock Up 8.6%
Shares of NYSE:AVTR opened at $11.55 on Thursday. The firm has a market capitalization of $7.87 billion, a PE ratio of -88.81, a price-to-earnings-growth ratio of 3.66 and a beta of 0.93. Avantor has a 1 year low of $10.62 and a 1 year high of $23.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.49 and a quick ratio of 0.96. The firm's 50-day moving average is $12.56 and its two-hundred day moving average is $12.87.
Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Avantor had a negative net margin of 1.25% and a positive return on equity of 10.91%. The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the previous year, the business posted $0.26 EPS. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. Analysts predict that Avantor will post 1.06 EPS for the current year.
About Avantor
(Get Free Report)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.
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