Avantor, Inc. (NYSE:AVTR) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) have earned a consensus recommendation of "Hold" from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.14.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus cut Avantor from a "buy" rating to a "hold" rating and decreased their target price for the stock from $26.00 to $14.00 in a research note on Monday, April 28th. Wells Fargo & Company reduced their price objective on Avantor from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Cowen cut Avantor from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Robert W. Baird reduced their price objective on Avantor from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, The Goldman Sachs Group cut Avantor from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $14.00 in a research note on Tuesday, April 29th.

Avantor Stock Performance

Shares of AVTR opened at $13.60 on Monday. The stock has a 50-day simple moving average of $13.21 and a 200-day simple moving average of $16.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 1.12. The stock has a market capitalization of $9.27 billion, a PE ratio of 13.08, a PEG ratio of 1.44 and a beta of 1.05. Avantor has a 1 year low of $11.82 and a 1 year high of $28.00.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.61 billion. Avantor had a return on equity of 11.93% and a net margin of 10.70%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, analysts predict that Avantor will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Avantor news, Director Gregory L. Summe acquired 30,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $12.50 per share, with a total value of $375,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares of the company's stock, valued at approximately $1,250,000. The trade was a 42.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph R. Massaro acquired 8,100 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $12.30 per share, for a total transaction of $99,630.00. Following the acquisition, the director directly owned 35,038 shares of the company's stock, valued at $430,967.40. This trade represents a 30.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 83,100 shares of company stock worth $1,027,630 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in Avantor during the first quarter worth $25,000. Northwestern Mutual Wealth Management Co. boosted its position 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 in the last quarter. Wealthquest Corp purchased a new stake in Avantor during the first quarter worth $34,000. AlphaQuest LLC purchased a new stake in Avantor during the fourth quarter worth $65,000. Finally, GAMMA Investing LLC boosted its position in Avantor by 121.6% during the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company's stock worth $61,000 after purchasing an additional 2,056 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

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.

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