Avantor, Inc. (NYSE:AVTR) Receives Average Recommendation of “Hold” from Analysts

Avantor, Inc. (NYSE:AVTR) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.4231.

A number of equities research analysts have weighed in on AVTR shares. Robert W. Baird boosted their price objective on Avantor from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Evercore ISI cut their target price on shares of Avantor from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $12.00 price target (down previously from $14.00) on shares of Avantor in a research note on Thursday, October 30th. Raymond James Financial downgraded shares of Avantor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $12.00 target price (down from $15.00) on shares of Avantor in a report on Thursday, October 30th.

Insider Activity

In related news, Director Gregory L. Summe bought 100,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $11.25 per share, with a total value of $1,125,000.00. Following the completion of the acquisition, the director owned 300,000 shares in the company, valued at approximately $3,375,000. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sanjeev K. Mehra purchased 350,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $11.09 per share, with a total value of $3,881,500.00. Following the purchase, the director directly owned 350,000 shares of the company’s stock, valued at approximately $3,881,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Avantor

Institutional investors have recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in shares of Avantor by 9.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 7,985 shares of the company’s stock worth $100,000 after acquiring an additional 670 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Avantor by 28.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company’s stock worth $49,000 after purchasing an additional 905 shares in the last quarter. Truist Financial Corp raised its holdings in Avantor by 2.2% during the second quarter. Truist Financial Corp now owns 44,325 shares of the company’s stock worth $597,000 after purchasing an additional 959 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Avantor by 2.5% in the third quarter. TD Waterhouse Canada Inc. now owns 38,977 shares of the company’s stock valued at $532,000 after purchasing an additional 966 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Avantor by 2.7% in the 2nd quarter. SG Americas Securities LLC now owns 37,078 shares of the company’s stock valued at $499,000 after purchasing an additional 979 shares in the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Stock Performance

NYSE AVTR opened at $11.55 on Thursday. The company has a fifty day moving average of $12.56 and a two-hundred day moving average of $12.87. The company has a market capitalization of $7.87 billion, a PE ratio of -88.81, a P/E/G ratio of 3.66 and a beta of 0.93. Avantor has a 1 year low of $10.62 and a 1 year high of $23.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.49 and a quick ratio of 0.96.

Avantor (NYSE:AVTR) last posted its earnings results on Wednesday, October 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.65 billion. Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, analysts expect that Avantor will post 1.06 earnings per share for the current year.

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.