Avantor (NYSE:AVTR – Get Rating) had its target price lowered by equities research analysts at Wells Fargo & Company from $27.00 to $25.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 21.01% from the stock’s previous close.
A number of other brokerages have also recently commented on AVTR. TheStreet cut Avantor from a “b-” rating to a “c+” rating in a research note on Wednesday, September 21st. Stifel Nicolaus reduced their price objective on shares of Avantor from $35.00 to $28.00 in a research note on Monday, September 19th. Raymond James lowered their target price on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Morgan Stanley reduced their price target on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, October 31st. Finally, Barclays dropped their price objective on Avantor from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, October 31st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.47.
Avantor Stock Up 2.9 %
NYSE AVTR opened at $20.66 on Tuesday. The stock has a market capitalization of $13.93 billion, a P/E ratio of 21.98 and a beta of 1.36. Avantor has a 52 week low of $17.91 and a 52 week high of $39.54. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.07 and a current ratio of 1.65. The stock has a fifty day moving average of $20.96 and a 200-day moving average of $23.94.
Avantor (NYSE:AVTR – Get Rating) last issued its earnings results on Friday, October 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. Avantor had a net margin of 8.38% and a return on equity of 24.67%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. On average, equities research analysts forecast that Avantor will post 1.39 EPS for the current year.
Insider Activity at Avantor
In other Avantor news, CEO Michael Stubblefield purchased 15,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were purchased at an average cost of $20.95 per share, with a total value of $314,250.00. Following the transaction, the chief executive officer now directly owns 429,500 shares of the company’s stock, valued at approximately $8,998,025. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Michael Stubblefield acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of $20.95 per share, with a total value of $314,250.00. Following the acquisition, the chief executive officer now owns 429,500 shares in the company, valued at approximately $8,998,025. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas A. Szlosek bought 12,500 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average price of $20.71 per share, for a total transaction of $258,875.00. Following the completion of the acquisition, the chief financial officer now owns 35,668 shares of the company’s stock, valued at approximately $738,684.28. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.
Institutional Investors Weigh In On Avantor
Several hedge funds have recently bought and sold shares of AVTR. Gulf International Bank UK Ltd raised its stake in Avantor by 59.6% in the third quarter. Gulf International Bank UK Ltd now owns 120,535 shares of the company’s stock valued at $2,362,000 after buying an additional 45,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Avantor by 22.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,823 shares of the company’s stock valued at $1,207,000 after purchasing an additional 7,013 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in Avantor during the second quarter worth $387,000. OLD National Bancorp IN increased its holdings in shares of Avantor by 3.1% in the second quarter. OLD National Bancorp IN now owns 21,947 shares of the company’s stock valued at $683,000 after purchasing an additional 670 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Avantor by 39.1% during the 2nd quarter. Raleigh Capital Management Inc. now owns 8,551 shares of the company’s stock worth $262,000 after buying an additional 2,402 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors and hedge funds.
Avantor Company Profile
Avantor, Inc provides products and services to customers in 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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