FY2024 EPS Estimates for Avantor Reduced by Zacks Research

Avantor, Inc. (NYSE:AVTR) – Research analysts at Zacks Research dropped their FY2024 earnings per share estimates for Avantor in a research report issued on Friday, November 15th. Zacks Research analyst D. Dey now anticipates that the company will post earnings of $0.98 per share for the year, down from their previous estimate of $1.01. The consensus estimate for Avantor’s current full-year earnings is $0.98 per share. Zacks Research also issued estimates for Avantor’s Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.10 EPS, Q2 2026 earnings at $0.28 EPS and FY2026 earnings at $1.27 EPS.

A number of other equities research analysts have also commented on the company. UBS Group reduced their price target on Avantor from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a research note on Thursday, September 26th. TD Cowen lifted their target price on shares of Avantor from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their price objective on Avantor from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company cut their target price on Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.57.

Avantor Trading Down 1.9 %

Shares of NYSE AVTR opened at $20.74 on Monday. The stock has a market cap of $14.12 billion, a P/E ratio of 45.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.35. The firm has a 50 day moving average price of $24.52 and a two-hundred day moving average price of $24.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.54. Avantor has a 52-week low of $19.11 and a 52-week high of $28.00.

Insider Buying and Selling at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $25.06, for a total transaction of $88,336.50. Following the sale, the chief accounting officer now owns 29,544 shares of the company’s stock, valued at approximately $740,372.64. This represents a 10.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Avantor

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners increased its position in shares of Avantor by 2.2% during the 1st quarter. Boston Partners now owns 28,561,802 shares of the company’s stock valued at $729,298,000 after purchasing an additional 624,369 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Avantor by 6.8% during the second quarter. Canada Pension Plan Investment Board now owns 22,927,325 shares of the company’s stock valued at $486,059,000 after acquiring an additional 1,463,695 shares during the last quarter. State Street Corp raised its stake in shares of Avantor by 58.0% during the third quarter. State Street Corp now owns 22,368,244 shares of the company’s stock worth $578,666,000 after acquiring an additional 8,206,695 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Avantor by 18.2% in the 3rd quarter. Janus Henderson Group PLC now owns 17,692,705 shares of the company’s stock worth $457,710,000 after acquiring an additional 2,719,615 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Avantor by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 11,150,788 shares of the company’s stock valued at $287,791,000 after purchasing an additional 739,667 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

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.