Brokerages Set Avantor, Inc. (NYSE:AVTR) Price Target at $28.00

Avantor, Inc. (NYSE:AVTR) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.00.

A number of equities research analysts recently weighed in on AVTR shares. Morgan Stanley boosted their price objective on Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Robert W. Baird upped their price target on Avantor from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Citigroup lowered Avantor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $23.00 in a research report on Wednesday, July 10th. TD Cowen upped their price target on Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Barclays upped their price target on Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, July 29th.

Avantor Trading Up 1.3 %

Shares of AVTR opened at $25.06 on Friday. Avantor has a 52-week low of $16.63 and a 52-week high of $28.00. The business’s fifty day moving average is $25.66 and its 200-day moving average is $24.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.59. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 64.26, a PEG ratio of 2.93 and a beta of 1.33.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Avantor had a return on equity of 12.40% and a net margin of 5.28%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Equities analysts anticipate that Avantor will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Steven W. Eck sold 3,525 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $25.06, for a total value of $88,336.50. Following the completion of the transaction, the chief accounting officer now directly owns 29,544 shares of the company’s stock, valued at $740,372.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Avantor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Graypoint LLC grew its holdings in Avantor by 3.8% during the first quarter. Graypoint LLC now owns 11,414 shares of the company’s stock valued at $292,000 after purchasing an additional 423 shares during the period. Intech Investment Management LLC grew its holdings in Avantor by 1.8% during the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock valued at $616,000 after purchasing an additional 514 shares during the period. Arizona State Retirement System grew its holdings in Avantor by 0.3% during the second quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock valued at $3,955,000 after purchasing an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Avantor by 2.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company’s stock worth $571,000 after acquiring an additional 733 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Avantor by 3.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 23,623 shares of the company’s stock worth $611,000 after acquiring an additional 749 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

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.