1 day Ago By ABMN Staff
Avantor ( NYSE:AVTR – Get Free Report ) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a $14.00 target price on the stock, down from their prior target price of $26.
00. Stifel Nicolaus’ price objective indicates a potential upside of 10.32% from the company’s previous close.
A number of other brokerages also recently commented on AVTR. Wells Fargo & Company lowered their target price on shares of Avantor from $25.00 to $22.
00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Cowen cut Avantor from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley set a $15.
00 target price on Avantor and gave the stock an “equal weight” rating in a research report on Monday. Raymond James reaffirmed an “outperform” rating and issued a $24.00 price target (down from $26.
00) on shares of Avantor in a report on Monday, February 10th. Finally, Barclays cut their price objective on shares of Avantor from $23.00 to $18.
00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and an average price target of $18.88. Get Our Latest Research Report on Avantor Avantor Stock Performance Avantor ( NYSE:AVTR – Get Free Report ) last released its earnings results on Friday, April 25th.
The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23.
Avantor had a net margin of 10.49% and a return on equity of 12.17%.
The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion.
During the same period in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was down 5.
9% compared to the same quarter last year. On average, research analysts predict that Avantor will post 1.06 EPS for the current fiscal year.
Insider Activity In other Avantor news, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $65,877.
74. Following the transaction, the executive vice president now directly owns 87,379 shares in the company, valued at approximately $1,531,753.87.
This trade represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
Also, Director Joseph R. Massaro purchased 8,100 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were bought at an average price of $12.
30 per share, with a total value of $99,630.00. Following the purchase, the director now directly owns 35,038 shares of the company’s stock, valued at approximately $430,967.
40. The trade was a 30.07 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Corporate insiders own 1.20% of the company’s stock.
Institutional Trading of Avantor Several hedge funds and other institutional investors have recently made changes to their positions in AVTR. Dodge & Cox raised its holdings in Avantor by 44.9% during the fourth quarter.
Dodge & Cox now owns 99,145,770 shares of the company’s stock worth $2,089,001,000 after purchasing an additional 30,727,673 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Avantor by 1.
9% during the 4th quarter. Vanguard Group Inc. now owns 63,969,754 shares of the company’s stock worth $1,347,843,000 after buying an additional 1,211,418 shares in the last quarter.
Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Avantor by 41.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 30,528,092 shares of the company’s stock valued at $643,227,000 after buying an additional 8,936,879 shares during the period.
Canada Pension Plan Investment Board boosted its stake in shares of Avantor by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 21,037,089 shares of the company’s stock valued at $443,251,000 after buying an additional 112,644 shares in the last quarter.
Finally, Janus Henderson Group PLC grew its holdings in Avantor by 2.5% during the fourth quarter. Janus Henderson Group PLC now owns 18,136,206 shares of the company’s stock worth $382,131,000 after acquiring an additional 443,501 shares during the period.
Hedge funds and other institutional investors own 95.08% of the company’s stock. About Avantor ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Avantor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantor and related companies with MarketBeat.com's FREE daily email newsletter .
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