Avantor (NYSE:AVTR) Price Target Cut to $12.00 by Analysts at TD Cowen

Avantor (NYSE:AVTR) had its price target lowered by TD Cowen from $14.00 to $12.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price suggests a potential downside of 0.87% from the company’s current price.

A number of other brokerages also recently weighed in on AVTR. Bank of America downgraded Avantor from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Monday, December 15th. Evercore ISI set a $12.00 price objective on Avantor and gave the company an “in-line” rating in a research note on Monday. Raymond James Financial cut Avantor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. UBS Group set a $12.00 target price on shares of Avantor in a report on Thursday, October 30th. Finally, Barclays restated an “equal weight” rating and issued a $12.00 price target (down from $15.00) on shares of Avantor in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Avantor currently has a consensus rating of “Hold” and an average target price of $13.60.

Avantor Price Performance

AVTR stock traded down $0.17 during mid-day trading on Wednesday, hitting $12.11. The stock had a trading volume of 3,089,984 shares, compared to its average volume of 7,873,676. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. Avantor has a 52 week low of $10.62 and a 52 week high of $23.32. The firm has a market capitalization of $8.25 billion, a P/E ratio of -92.88, a P/E/G ratio of 4.12 and a beta of 0.93. The firm has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $12.62.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share 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 the consensus estimate of $1.65 billion. Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The business’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, research analysts forecast that Avantor will post 1.06 EPS for the current year.

Insider Activity at Avantor

In other Avantor news, Director Sanjeev K. Mehra acquired 350,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average price of $11.09 per share, for a total transaction of $3,881,500.00. Following the acquisition, the director directly owned 350,000 shares in the company, valued at $3,881,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory L. Summe bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $11.25 per share, for a total transaction of $1,125,000.00. Following the completion of the transaction, the director owned 300,000 shares in the company, valued at $3,375,000. This trade represents a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Avantor

Several institutional investors have recently modified their holdings of AVTR. EverSource Wealth Advisors LLC raised its position in Avantor by 119.1% during the 2nd 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. Strategic Wealth Investment Group LLC acquired a new stake in shares of Avantor in the second quarter valued at about $32,000. FNY Investment Advisers LLC bought a new position in shares of Avantor during the second quarter worth about $36,000. Osaic Holdings Inc. lifted its stake in shares of Avantor by 60.9% in the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Avantor by 172.1% in the third quarter. Farther Finance Advisors LLC now owns 3,709 shares of the company’s stock worth $46,000 after acquiring an additional 2,346 shares during the period. Institutional investors own 95.08% of the company’s stock.

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.