Avantor, Inc. (NYSE:AVTR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Avantor, Inc. (NYSE:AVTR) has received a consensus rating of "Hold" from fifteen ratings firms, with eight analysts recommending hold and seven a buy rating.
• Analysts have lowered their price targets for the stock, with Morgan Stanley reducing theirs from $15.00 to $12.00, and Wells Fargo lowering theirs from $19.00 to $16.00.
• Avantor reported a missed earnings estimate in its latest quarterly results, with earnings per share of $0.24 compared to predictions of $0.25, while revenues fell by 1.1% year-over-year.

Avantor, Inc. (NYSE:AVTR - Get Free Report) has been given a consensus rating of "Hold" by the fifteen ratings firms that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.50.

Several research analysts have issued reports on the company. Morgan Stanley dropped their price target on Avantor from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Wells Fargo & Company dropped their price target on Avantor from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Avantor in a report on Friday, August 1st. Royal Bank Of Canada cut their target price on shares of Avantor from $20.00 to $17.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Finally, Raymond James Financial set a $14.00 target price on shares of Avantor and gave the company an "outperform" rating in a research note on Monday, August 4th.

Insider Transactions at Avantor

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total transaction of $39,591.64. Following the sale, the chief accounting officer directly owned 55,068 shares of the company's stock, valued at $627,224.52. The trade was a 5.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Avantor

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Avantor by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock valued at $132,000 after purchasing an additional 592 shares during the period. American Trust raised its stake in Avantor by 4.5% during the 4th quarter. American Trust now owns 15,198 shares of the company's stock valued at $320,000 after purchasing an additional 658 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in Avantor by 1.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 82,523 shares of the company's stock valued at $1,767,000 after purchasing an additional 857 shares during the period. Portside Wealth Group LLC raised its stake in Avantor by 9.0% during the 1st quarter. Portside Wealth Group LLC now owns 10,673 shares of the company's stock valued at $173,000 after purchasing an additional 882 shares during the period. Finally, Signaturefd LLC raised its stake in Avantor by 19.8% during the 1st quarter. Signaturefd LLC now owns 5,470 shares of the company's stock valued at $89,000 after purchasing an additional 904 shares during the period. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Stock Up 2.0%

NYSE:AVTR opened at $13.48 on Tuesday. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98. Avantor has a one year low of $10.82 and a one year high of $27.83. The stock has a 50-day simple moving average of $13.12 and a 200 day simple moving average of $14.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.98.

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

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