The Goldman Sachs Group Begins Coverage on Avantor (NYSE:AVTR)

The Goldman Sachs Group began coverage on shares of Avantor (NYSE:AVTR) in a research report report published on Friday, Analyst Price Targets reports. The firm issued a buy rating and a $40.00 price target on the stock.

Other analysts also recently issued reports about the company. Raymond James upped their price objective on Avantor from $34.00 to $37.00 and gave the company an outperform rating in a research report on Thursday, April 29th. JPMorgan Chase & Co. upped their price objective on Avantor from $35.00 to $40.00 and gave the company an overweight rating in a research report on Thursday, April 29th. Credit Suisse Group upped their price objective on Avantor from $37.00 to $39.00 and gave the company an outperform rating in a research report on Thursday, April 29th. Citigroup upped their price objective on Avantor from $33.00 to $35.00 in a research report on Thursday, February 4th. Finally, Barclays started coverage on Avantor in a research report on Monday, March 8th. They issued an overweight rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $35.29.

AVTR opened at $31.30 on Friday. The business’s fifty day moving average price is $31.40. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.17 and a current ratio of 1.80. The stock has a market capitalization of $18.22 billion, a P/E ratio of 107.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. Avantor has a one year low of $16.37 and a one year high of $33.99.

Avantor (NYSE:AVTR) last posted its earnings results on Tuesday, April 27th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.07. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. Avantor had a return on equity of 41.17% and a net margin of 3.51%. Avantor’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Equities analysts anticipate that Avantor will post 1.24 EPS for the current fiscal year.

In other Avantor news, EVP Devashish Ohri sold 100,160 shares of the company’s stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $32.37, for a total transaction of $3,242,179.20. Following the completion of the sale, the executive vice president now directly owns 118,679 shares in the company, valued at $3,841,639.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic Vanderhaegen sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $28.21, for a total value of $282,100.00. Following the sale, the executive vice president now owns 243,669 shares of the company’s stock, valued at $6,873,902.49. The disclosure for this sale can be found here. Insiders have sold 3,267,114 shares of company stock valued at $100,927,695 over the last 90 days. 2.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in AVTR. Price T Rowe Associates Inc. MD grew its stake in shares of Avantor by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,163,849 shares of the company’s stock valued at $1,890,662,000 after buying an additional 15,742,336 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Avantor by 825.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,571,479 shares of the company’s stock valued at $325,737,000 after buying an additional 10,321,479 shares in the last quarter. Norges Bank acquired a new stake in shares of Avantor in the fourth quarter valued at about $246,656,000. Viking Global Investors LP grew its stake in shares of Avantor by 62.6% in the fourth quarter. Viking Global Investors LP now owns 13,358,729 shares of the company’s stock valued at $376,048,000 after buying an additional 5,141,022 shares in the last quarter. Finally, Parnassus Investments CA acquired a new stake in shares of Avantor in the first quarter valued at about $146,515,000. Institutional investors own 92.37% of the company’s stock.

About Avantor

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, and clinical trial kits.

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Analyst Recommendations for Avantor (NYSE:AVTR)

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