Avantor (NYSE:AVTR) Price Target Cut to $20.00 by Analysts at Royal Bank of Canada

Avantor (NYSE:AVTR - Free Report) had its price target decreased by Royal Bank of Canada from $24.00 to $20.00 in a research note published on Monday morning, MarketBeat Ratings reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird decreased their target price on shares of Avantor from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus lowered Avantor from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $26.00 to $14.00 in a report on Monday, April 28th. Cowen lowered Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Wells Fargo & Company decreased their price target on Avantor from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Barclays dropped their price objective on Avantor from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.88.

Avantor Stock Down 0.7 %

Shares of Avantor stock traded down $0.10 during trading on Monday, reaching $12.87. 8,789,299 shares of the company traded hands, compared to its average volume of 7,357,804. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The firm has a market capitalization of $8.77 billion, a PE ratio of 12.37, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a 50 day moving average price of $15.54 and a 200-day moving average price of $19.38. Avantor has a 1-year low of $12.20 and a 1-year high of $28.00.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, equities research analysts expect that Avantor will post 1.06 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Steven W. Eck sold 4,907 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the transaction, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at approximately $711,788.12. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Massaro bought 8,100 shares of the stock in a transaction on Tuesday, April 29th. The shares were acquired at an average cost of $12.30 per share, for a total transaction of $99,630.00. Following the acquisition, the director now directly owns 35,038 shares in the company, valued at approximately $430,967.40. This trade represents a 30.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Avantor by 99.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after buying an additional 625 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Avantor by 106.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $34,000 after purchasing an additional 830 shares in the last quarter. Wealthquest Corp bought a new position in shares of Avantor in the first quarter worth $34,000. Global Retirement Partners LLC raised its position in shares of Avantor by 76.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after buying an additional 1,067 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Avantor by 121.6% during the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company's stock valued at $61,000 after buying an additional 2,056 shares during the period. Institutional investors own 95.08% of the company's stock.

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.