Avantor Inc (NYSE:AVTR) – Analysts at KeyCorp dropped their FY2019 earnings per share estimates for Avantor in a research note issued to investors on Wednesday, November 6th. KeyCorp analyst M. Mishan now anticipates that the company will post earnings of $0.55 per share for the year, down from their previous estimate of $0.57.
Several other equities research analysts have also issued reports on the company. Cleveland Research assumed coverage on Avantor in a research report on Friday, August 2nd. They set a “neutral” rating for the company. Piper Jaffray Companies decreased their target price on Avantor from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Investment Research raised Avantor from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays reaffirmed a “buy” rating and set a $22.00 target price on shares of Avantor in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.57.
Shares of Avantor stock traded down $0.94 during trading hours on Friday, hitting $14.36. 8,483,300 shares of the company’s stock traded hands, compared to its average volume of 3,345,377. Avantor has a 12-month low of $13.33 and a 12-month high of $19.58. The stock’s fifty day moving average is $14.42.
Avantor (NYSE:AVTR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $0.10 earnings per share. Avantor’s revenue was up .6% on a year-over-year basis.
Institutional investors and hedge funds have recently modified their holdings of the company. Coastal Investment Advisors Inc. bought a new stake in shares of Avantor during the 2nd quarter valued at about $69,000. JPMorgan Chase & Co. bought a new stake in shares of Avantor during the 2nd quarter valued at about $103,000. Russell Investments Group Ltd. bought a new stake in shares of Avantor during the 2nd quarter valued at about $113,000. FTB Advisors Inc. bought a new stake in shares of Avantor during the 2nd quarter valued at about $127,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Avantor during the 2nd quarter valued at about $179,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.
Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.
Further Reading: What is the formula for calculating total return?
Receive News & Ratings for Avantor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantor and related companies with MarketBeat.com's FREE daily email newsletter.