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Avantor (NYSE:AVTR) Trading 5.7% Higher on Analyst Upgrade

Avantor logo with Medical background

Key Points

  • Avantor's shares rose 5.7% after Raymond James Financial upgraded the stock's price target from $14.00 to $16.00 and maintained an outperform rating.
  • Multiple analysts have adjusted their price targets for Avantor, with most setting the target between $12.00 and $17.00, reflecting mixed sentiments among investment firms.
  • The company reported earnings of $0.24 EPS, missing consensus estimates by $0.01, and observed a 1.1% decrease in year-over-year revenue.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) rose 5.7% on Thursday after Raymond James Financial raised their price target on the stock from $14.00 to $16.00. Raymond James Financial currently has an outperform rating on the stock. Avantor traded as high as $14.66 and last traded at $14.67. Approximately 5,831,620 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 10,600,540 shares. The stock had previously closed at $13.87.

AVTR has been the topic of a number of other reports. Wells Fargo & Company decreased their price target on Avantor from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. decreased their price target on Avantor from $17.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Royal Bank Of Canada decreased their price target on Avantor from $20.00 to $17.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Stifel Nicolaus set a $12.00 price target on Avantor and gave the stock a "hold" rating in a research note on Monday, August 4th. Finally, Morgan Stanley reduced their price objective on Avantor from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avantor presently has a consensus rating of "Hold" and a consensus price target of $15.81.

View Our Latest Research Report on Avantor

Insider Buying and Selling at Avantor

In other 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 value of $39,591.64. Following the completion of the sale, the chief accounting officer directly owned 55,068 shares in the company, valued at approximately $627,224.52. The trade was a 5.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AVTR. Signaturefd LLC boosted its stake in Avantor by 19.8% during the first quarter. Signaturefd LLC now owns 5,470 shares of the company's stock valued at $89,000 after buying an additional 904 shares in the last quarter. Truist Financial Corp boosted its stake in Avantor by 2.2% during the second quarter. Truist Financial Corp now owns 44,325 shares of the company's stock valued at $597,000 after buying an additional 959 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Avantor by 0.9% during the first quarter. Xponance Inc. now owns 114,422 shares of the company's stock valued at $1,855,000 after purchasing an additional 966 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Avantor by 2.7% during the second quarter. SG Americas Securities LLC now owns 37,078 shares of the company's stock valued at $499,000 after purchasing an additional 979 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Avantor by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 191,700 shares of the company's stock valued at $2,580,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Stock Performance

The firm has a market capitalization of $9.94 billion, a PE ratio of 14.71, a P/E/G ratio of 4.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.67. The firm has a fifty day moving average price of $12.94 and a 200 day moving average price of $13.38.

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

Avantor Company Profile

(Get Free Report)

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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