Avantor, Inc. (NYSE:AVTR) Receives Consensus Recommendation of “Reduce” from Brokerages

Avantor, Inc. (NYSE:AVTR) has received a consensus recommendation of “Reduce” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.4688.

Several analysts recently commented on the company. Citigroup cut their price objective on Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. UBS Group set a $8.00 target price on Avantor in a report on Wednesday, June 24th. Wall Street Zen upgraded Avantor from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research raised shares of Avantor from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Wolfe Research cut shares of Avantor to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Monday, June 1st.

Avantor Stock Down 0.3%

Shares of Avantor stock opened at $10.29 on Monday. Avantor has a twelve month low of $7.26 and a twelve month high of $15.93. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $8.87 and its 200 day moving average is $9.46. The company has a market cap of $7.03 billion, a price-to-earnings ratio of -12.71, a price-to-earnings-growth ratio of 5.98 and a beta of 0.94.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.54 billion. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. Research analysts anticipate that Avantor will post 0.79 EPS for the current year.

Insider Activity at Avantor

In other Avantor news, Director Simon Dingemans bought 25,000 shares of Avantor stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $8.14 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $203,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory T. Lucier purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $83,200.00. Following the completion of the transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $499,200. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Avantor

Several institutional investors and hedge funds have recently bought and sold shares of AVTR. Versant Capital Management Inc raised its stake in shares of Avantor by 372.1% in the second quarter. Versant Capital Management Inc now owns 9,073 shares of the company’s stock worth $90,000 after buying an additional 7,151 shares during the period. Parallel Advisors LLC grew its stake in shares of Avantor by 21.4% during the 1st quarter. Parallel Advisors LLC now owns 8,452 shares of the company’s stock valued at $66,000 after acquiring an additional 1,491 shares during the period. Verus Capital Partners LLC purchased a new stake in Avantor in the 1st quarter worth approximately $111,000. Bank of America Corp DE increased its holdings in Avantor by 24.3% in the 1st quarter. Bank of America Corp DE now owns 7,067,563 shares of the company’s stock worth $55,410,000 after acquiring an additional 1,382,320 shares in the last quarter. Finally, Edgestream Partners L.P. increased its stake in shares of Avantor by 21.8% in the first quarter. Edgestream Partners L.P. now owns 418,095 shares of the company’s stock worth $3,278,000 after purchasing an additional 74,728 shares in the last quarter. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

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.