Avantor (NYSE:AVTR) Hits New 52-Week High - What's Next?

Key Points

• Avantor shares reached a new 52-week high of $16.38, while trading above both their 50-day and 200-day moving averages. The company’s market capitalization stood at approximately $10.51 billion.
• Analyst sentiment remains largely cautious, with an overall “Hold” rating and a consensus price target of $12.47, despite several firms recently raising their targets to between $14 and $15.
• Avantor beat quarterly expectations, reporting adjusted earnings of $0.21 per share versus the $0.19 consensus and revenue of $1.69 billion versus $1.61 billion expected. Institutional investors own approximately 95.08% of the company’s shares.

Avantor, Inc. (NYSE:AVTR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $16.38 and last traded at $15.8730, with a volume of 355253 shares. The stock had previously closed at $15.81.

Analyst Ratings Changes

Several research firms recently weighed in on AVTR. Morgan Stanley raised their price objective on Avantor from $10.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. Evercore set a $10.50 target price on Avantor in a research report on Monday, July 6th. Barclays increased their target price on Avantor from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Wednesday, June 24th. Royal Bank Of Canada boosted their price target on Avantor from $9.00 to $14.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus upped their price objective on Avantor from $8.00 to $15.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.47.

Avantor Price Performance

The company has a fifty day simple moving average of $14.52 and a 200 day simple moving average of $10.92. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of -18.49, a P/E/G ratio of 11.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.18 and a current ratio of 1.78.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Avantor had a positive return on equity of 9.92% and a negative net margin of 8.81%.The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities research analysts forecast that Avantor, Inc. will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of Avantor by 56.1% in the 3rd quarter. Versant Capital Management Inc now owns 14,163 shares of the company's stock worth $213,000 after purchasing an additional 5,090 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Avantor by 100.1% during the second quarter. Sequoia Financial Advisors LLC now owns 22,739 shares of the company's stock worth $225,000 after buying an additional 11,378 shares during the period. Engineers Gate Manager LP increased its position in shares of Avantor by 362.5% during the second quarter. Engineers Gate Manager LP now owns 54,570 shares of the company's stock worth $540,000 after buying an additional 42,770 shares during the period. Cidel Asset Management Inc. bought a new position in Avantor during the second quarter worth $112,000. Finally, Integrated Wealth Concepts LLC bought a new position in Avantor during the second quarter worth $128,000. Institutional investors own 95.08% of the company's stock.

About Avantor

Avantor, Inc is a global provider of products, services and solutions used in the life sciences and advanced technology industries. The company supplies materials and equipment that support research, drug discovery and development, biopharmaceutical manufacturing, clinical and diagnostic activities, and other laboratory applications.

Its offerings include laboratory chemicals and reagents, consumables, single-use manufacturing technologies, bioprocessing products, equipment, and related services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.