Avantor (NYSE:AVTR) Price Target Cut to $26.00

Avantor (NYSE:AVTR) had its price objective cut by analysts at Robert W. Baird from $27.00 to $26.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 8.60% from the company’s previous close.

Several other research analysts also recently weighed in on AVTR. Royal Bank of Canada upped their price target on shares of Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Barclays raised their target price on Avantor from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Evercore ISI lifted their price target on Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Citigroup increased their price objective on Avantor from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Raymond James lifted their target price on shares of Avantor from $22.50 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.71.

Avantor Stock Performance

NYSE AVTR opened at $23.94 on Monday. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 61.38, a PEG ratio of 2.44 and a beta of 1.37. The stock has a 50-day moving average of $25.08 and a 200 day moving average of $22.63. The company has a current ratio of 1.61, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. Avantor has a twelve month low of $16.63 and a twelve month high of $26.16.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. Avantor had a return on equity of 13.15% and a net margin of 3.79%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. Sell-side analysts anticipate that Avantor will post 1.01 EPS for the current fiscal year.

Insider Activity

In other Avantor news, EVP James Bramwell sold 6,203 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the completion of the sale, the executive vice president now owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Avantor

Large investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. boosted its holdings in Avantor by 2.0% during the 4th quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company’s stock valued at $690,000 after acquiring an additional 591 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Avantor by 3.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company’s stock worth $427,000 after purchasing an additional 685 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Avantor by 125.3% in the fourth quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock valued at $28,000 after purchasing an additional 694 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Avantor by 1.6% in the fourth quarter. Mackenzie Financial Corp now owns 46,610 shares of the company’s stock valued at $1,064,000 after purchasing an additional 747 shares in the last quarter. Finally, Lmcg Investments LLC grew its holdings in shares of Avantor by 2.1% in the third quarter. Lmcg Investments LLC now owns 41,418 shares of the company’s stock valued at $873,000 after purchasing an additional 853 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

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.