Robert W. Baird Cuts Avantor (NYSE:AVTR) Price Target to $17.00

Avantor (NYSE:AVTR) had its price objective lowered by Robert W. Baird from $21.00 to $17.00 in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Raymond James reissued an “outperform” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Avantor in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on Avantor from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price objective on shares of Avantor from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Citigroup cut their price target on Avantor from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley set a $15.00 price target on Avantor and gave the company an “equal weight” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Avantor has a consensus rating of “Hold” and an average target price of $18.88.

Avantor Stock Up 2.6 %

Shares of AVTR opened at $13.02 on Monday. Avantor has a 52-week low of $12.20 and a 52-week high of $28.00. The company has a market capitalization of $8.87 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The stock has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $19.55. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

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

Insider Buying and Selling at Avantor

In other Avantor news, CAO Steven W. Eck sold 4,907 shares of Avantor 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 sale, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Massaro acquired 8,100 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $12.30 per share, with a total value of $99,630.00. Following the purchase, the director now owns 35,038 shares in the company, valued at approximately $430,967.40. The trade was a 30.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Robeco Schweiz AG lifted its stake in shares of Avantor by 8.9% during the first quarter. Robeco Schweiz AG now owns 8,288,920 shares of the company’s stock worth $134,363,000 after purchasing an additional 676,365 shares in the last quarter. State of Michigan Retirement System increased its holdings in Avantor by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 163,000 shares of the company’s stock worth $2,642,000 after purchasing an additional 1,800 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Avantor by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 682,325 shares of the company’s stock worth $11,060,000 after buying an additional 44,073 shares during the last quarter. Lightrock Netherlands B.V. bought a new stake in shares of Avantor in the 1st quarter worth about $3,491,000. Finally, IFM Investors Pty Ltd raised its stake in Avantor by 7.2% during the first quarter. IFM Investors Pty Ltd now owns 126,305 shares of the company’s stock valued at $2,047,000 after buying an additional 8,478 shares in the last quarter. Hedge funds and other 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.