Avantor, Inc. (NYSE:AVTR) Given Consensus Recommendation of “Reduce” by Brokerages

Avantor, Inc. (NYSE:AVTR) has been assigned an average recommendation of “Reduce” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.4688.

AVTR has been the subject of a number of analyst reports. Zacks Research upgraded shares of Avantor from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Wolfe Research cut shares of Avantor to an “underperform” rating and set a $7.00 price objective for the company. in a report on Monday, June 1st. Barclays lifted their price objective on shares of Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday. Royal Bank Of Canada initiated coverage on shares of Avantor in a report on Thursday, May 14th. They set a “sector perform” rating and a $9.00 price objective for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Avantor in a report on Friday. They set a “market perform” rating and a $10.50 price objective for the company.

Insider Activity

In other news, Director Gregory T. Lucier purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $8.32 per share, for a total transaction of $83,200.00. Following the completion of the acquisition, the director owned 60,000 shares in the company, valued at $499,200. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Simon Dingemans purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director owned 25,000 shares of the company’s stock, valued at $203,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Avantor by 119.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after purchasing an additional 1,189 shares during the last quarter. Private Trust Co. NA boosted its holdings in Avantor by 46.2% during the fourth quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after purchasing an additional 875 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Avantor during the second quarter worth about $32,000. Los Angeles Capital Management LLC purchased a new position in Avantor during the fourth quarter worth about $32,000. Finally, Osaic Holdings Inc. boosted its holdings in Avantor by 60.9% during the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after purchasing an additional 1,064 shares during the last quarter. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

Avantor Stock Up 0.1%

Shares of NYSE AVTR opened at $10.30 on Monday. The stock has a market capitalization of $7.03 billion, a P/E ratio of -12.71, a P/E/G ratio of 5.96 and a beta of 0.97. The company has a 50-day moving average price of $8.70 and a 200-day moving average price of $9.49. Avantor has a 1 year low of $7.26 and a 1 year high of $15.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17.

Avantor (NYSE:AVTR) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The business’s revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, equities research analysts forecast that Avantor will post 0.79 EPS for the current fiscal year.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.