Analysts Set Avantor, Inc. (NYSE:AVTR) Target Price at $18.88

Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) have received an average rating of "Hold" from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.88.

A number of research firms have commented on AVTR. Morgan Stanley downgraded Avantor from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Cowen downgraded Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Stifel Nicolaus cut Avantor from a "buy" rating to a "hold" rating and lowered their target price for the company from $26.00 to $14.00 in a research report on Monday, April 28th. Royal Bank of Canada lowered their price target on Avantor from $24.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, The Goldman Sachs Group cut Avantor from a "buy" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $14.00 in a research report on Tuesday, April 29th.

Insider Activity at Avantor

In other news, Director Joseph R. Massaro acquired 8,100 shares of Avantor stock in a transaction on Tuesday, April 29th. The shares were purchased at an average price of $12.30 per share, with a total value of $99,630.00. Following the acquisition, the director now owns 35,038 shares in the company, valued at $430,967.40. This represents a 30.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory L. Summe purchased 25,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $12.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now owns 50,000 shares in the company, valued at $600,000. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 83,100 shares of company stock worth $1,027,630 over the last three months. Company insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Avantor

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Avantor by 1.8% during the fourth quarter. Rhumbline Advisers now owns 1,922,368 shares of the company's stock worth $40,504,000 after acquiring an additional 33,692 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Avantor by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,027,636 shares of the company's stock valued at $63,792,000 after buying an additional 74,735 shares in the last quarter. Blue Trust Inc. raised its position in shares of Avantor by 6.9% in the fourth quarter. Blue Trust Inc. now owns 8,069 shares of the company's stock valued at $170,000 after buying an additional 522 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Avantor by 38.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 119,063 shares of the company's stock valued at $2,509,000 after buying an additional 32,838 shares in the last quarter. Finally, Rhenman & Partners Asset Management AB raised its position in Avantor by 40.5% during the fourth quarter. Rhenman & Partners Asset Management AB now owns 61,826 shares of the company's stock valued at $1,303,000 after purchasing an additional 17,826 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Avantor Stock Down 0.9%

Shares of AVTR stock traded down $0.12 during trading hours on Friday, reaching $13.04. The company had a trading volume of 3,061,416 shares, compared to its average volume of 7,914,307. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07. Avantor has a twelve month low of $11.82 and a twelve month high of $28.00. The company has a market capitalization of $8.88 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The stock's fifty day simple moving average is $14.29 and its 200 day simple moving average is $18.12.

Avantor (NYSE:AVTR - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Avantor will post 1.06 earnings per share for the current fiscal year.

About Avantor

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.