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

Key Points

• Avantor, Inc. has received a consensus recommendation of "Hold" from fifteen brokerages, with a target price averaging $15.50.
• Insider trading activity includes CAO Steven W. Eck selling 3,476 shares of Avantor stock, representing a 5.94% decrease in his ownership.
• The company reported earnings of $0.24 per share for the last quarter, which was below the analyst consensus estimate of $0.25.

Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) have been given an average recommendation of "Hold" by the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.50.

Several equities analysts recently commented on AVTR shares. JPMorgan Chase & Co. cut their target price on Avantor from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Stifel Nicolaus set a $12.00 price objective on Avantor and gave the stock a "hold" rating in a research note on Monday, August 4th. Morgan Stanley reduced their target price on shares of Avantor from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. Robert W. Baird dropped their target price on shares of Avantor from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Finally, Raymond James Financial set a $14.00 price target on shares of Avantor and gave the company an "outperform" rating in a report on Monday, August 4th.

Insider Buying and Selling at Avantor

In other news, CAO Steven W. Eck sold 3,476 shares of Avantor stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the transaction, the chief accounting officer owned 55,068 shares in the company, valued at approximately $627,224.52. The trade was a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Avantor

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Avantor by 10.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock worth $132,000 after purchasing an additional 592 shares in the last quarter. Portside Wealth Group LLC lifted its position in Avantor by 9.0% during the 1st quarter. Portside Wealth Group LLC now owns 10,673 shares of the company's stock worth $173,000 after buying an additional 882 shares in the last quarter. Signaturefd LLC grew its holdings in Avantor by 19.8% during the 1st quarter. Signaturefd LLC now owns 5,470 shares of the company's stock worth $89,000 after acquiring an additional 904 shares during the last quarter. Truist Financial Corp increased its position in Avantor by 2.2% in the 2nd quarter. Truist Financial Corp now owns 44,325 shares of the company's stock valued at $597,000 after acquiring an additional 959 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Avantor by 0.9% in the first quarter. Xponance Inc. now owns 114,422 shares of the company's stock worth $1,855,000 after acquiring an additional 966 shares during the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Trading Up 0.5%

Avantor stock opened at $11.84 on Friday. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 3.79 and a beta of 0.98. Avantor has a 12 month low of $10.82 and a 12 month high of $26.59. The business has a 50 day moving average price of $12.78 and a two-hundred day moving average price of $13.63. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.48.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Avantor had a net margin of 10.31% and a return on equity of 11.39%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. As a group, equities analysts forecast that Avantor will post 1.06 EPS for the current 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.

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