Robert W. Baird Lowers Avantor (NYSE:AVTR) Price Target to $15.00

Key Points

• Robert W. Baird has reduced the price target for Avantor (NYSE:AVTR) from $18.00 to $15.00, maintaining an "outperform" rating, indicating a potential upside of approximately 31.93% from the stock's previous close.
• Other analysts, including Goldman Sachs and Cowen, have downgraded Avantor's ratings, with Goldman Sachs lowering its price target to $14.00.
• Despite recent downgrades, investment analysts give Avantor an average rating of "Hold" with a current average price target of $17.95.

Avantor (NYSE:AVTR - Get Free Report) had its target price decreased by equities researchers at Robert W. Baird from $18.00 to $15.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 31.93% from the stock's previous close.

A number of other analysts have also recently issued reports on the stock. The Goldman Sachs Group cut shares of Avantor from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $14.00 in a research note on Tuesday, April 29th. Jefferies Financial Group reissued a "hold" rating on shares of Avantor in a research note on Friday. Cowen downgraded shares of Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley downgraded shares of Avantor from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Avantor from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.95.

Avantor Stock Performance

Shares of NYSE AVTR opened at $11.37 on Monday. The firm has a fifty day moving average price of $13.37 and a 200-day moving average price of $15.39. 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 stock has a market cap of $7.75 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. Avantor has a 1 year low of $10.82 and a 1 year high of $27.83.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (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 analysts' expectations of $1.67 billion. Avantor had a return on equity of 11.39% and a net margin of 10.31%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Equities analysts anticipate that Avantor will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Avantor

In other Avantor news, Director Gregory L. Summe bought 30,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $12.50 per share, with a total value of $375,000.00. Following the completion of the acquisition, the director owned 100,000 shares in the company, valued at $1,250,000. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 75,000 shares of company stock valued at $928,000 over the last ninety days. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC grew its holdings in shares of Avantor by 59.6% in the fourth quarter. Tidal Investments LLC now owns 18,869 shares of the company's stock valued at $398,000 after purchasing an additional 7,048 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Avantor by 121.6% in the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company's stock valued at $61,000 after purchasing an additional 2,056 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Avantor by 52.0% in the first quarter. Fifth Third Bancorp now owns 3,972 shares of the company's stock valued at $64,000 after purchasing an additional 1,359 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Avantor by 10.0% in the first quarter. Asset Management One Co. Ltd. now owns 260,109 shares of the company's stock valued at $4,216,000 after purchasing an additional 23,639 shares in the last quarter. Finally, Dudley & Shanley Inc. raised its holdings in Avantor by 9.7% during the 1st quarter. Dudley & Shanley Inc. now owns 1,191,617 shares of the company's stock valued at $19,316,000 after buying an additional 105,490 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Avantor Company Profile

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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