Avantor (NYSE:AVTR) had its target price upped by Piper Sandler from $16.00 to $21.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also issued reports on AVTR. Raymond James lowered their price target on Avantor from $19.00 to $17.00 and set an outperform rating for the company in a report on Thursday, April 30th. UBS Group lowered their price target on Avantor from $22.00 to $20.00 and set a buy rating for the company in a report on Tuesday, April 28th. CSFB lowered their price target on Avantor from $20.00 to $18.00 and set an outperform rating for the company in a report on Thursday, April 30th. Stifel Nicolaus boosted their price target on Avantor from $15.00 to $18.00 and gave the company a hold rating in a report on Thursday, April 30th. Finally, Credit Suisse Group boosted their price target on Avantor from $18.00 to $21.00 and gave the company an outperform rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Avantor presently has a consensus rating of Buy and an average target price of $20.65.
AVTR opened at $22.08 on Thursday. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 96.00, a P/E/G ratio of 1.66 and a beta of 2.01. The stock’s 50 day moving average price is $17.98 and its 200-day moving average price is $16.48. Avantor has a one year low of $6.66 and a one year high of $22.29.
Avantor (NYSE:AVTR) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts expect that Avantor will post 0.74 EPS for the current year.
In other news, EVP Michael Wondrasch sold 22,987 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $17.82, for a total transaction of $409,628.34. Following the completion of the sale, the executive vice president now owns 154,087 shares in the company, valued at approximately $2,745,830.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gerard Brophy sold 25,495 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $17.36, for a total value of $442,593.20. Following the sale, the executive vice president now owns 196,583 shares of the company’s stock, valued at approximately $3,412,680.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,726,317 shares of company stock valued at $552,420,898. Company insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA acquired a new position in shares of Avantor in the 1st quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Avantor in the 2nd quarter valued at $73,000. Advisor Group Holdings Inc. acquired a new position in shares of Avantor in the 1st quarter valued at $54,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Avantor in the 2nd quarter valued at $80,000. Finally, Stephenson National Bank & Trust acquired a new position in shares of Avantor in the 2nd quarter valued at $82,000. 78.90% of the stock is currently owned by hedge funds and other institutional investors.
Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.
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