Avantor (NYSE:AVTR) Given New $17.00 Price Target at Robert W. Baird

Key Points

• Avantor's stock price target was increased from $15.00 to $17.00 by Robert W. Baird, indicating a potential upside of 9.74% from the current price, along with an "outperform" rating.
• Several analysts have varied opinions on Avantor's stock, with target prices ranging from $14.00 to $19.00, maintaining a consensus rating of "Hold" and a target price of approximately $15.96.
• The company reported $0.24 EPS for the last quarter, slightly missing estimates, and its revenue decreased by 1.1% year-over-year, highlighting potential challenges ahead.

Avantor (NYSE:AVTR - Get Free Report) had its price objective hoisted by equities research analysts at Robert W. Baird from $15.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective indicates a potential upside of 9.74% from the company's current price.

Several other research analysts also recently commented on AVTR. Raymond James Financial lifted their target price on Avantor from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Thursday, October 16th. Wells Fargo & Company cut their target price on Avantor from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. cut their target price on Avantor from $17.00 to $14.00 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. Finally, Evercore ISI cut their target price on Avantor from $18.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.96.

Avantor Trading Up 2.2%

NYSE AVTR opened at $15.49 on Friday. 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 has a twelve month low of $10.82 and a twelve month high of $23.88. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 4.95 and a beta of 0.98. The business's fifty day moving average is $13.28 and its 200 day moving average is $13.36.

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

Insider Buying and Selling

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

Institutional Trading of Avantor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new stake in Avantor during the 1st quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in Avantor by 288.4% during the 1st 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 bought a new stake in Avantor during the 1st quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in Avantor by 119.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company's stock worth $29,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC bought a new stake in Avantor during the 2nd quarter worth approximately $32,000. 95.08% of the stock is owned by institutional investors.

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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