1 day Ago By ABMN Staff
Avantor ( NYSE:AVTR – Get Free Report ) had its price target cut by Royal Bank of Canada from $24.00 to $20.00 in a research report issued to clients and investors on Monday, Marketbeat.
com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 57.
60% from the company’s current price. AVTR has been the topic of a number of other reports. Raymond James reaffirmed an “outperform” rating and issued a $24.
00 target price (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Stifel Nicolaus cut Avantor from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.
00 to $14.00 in a report on Monday. TD Cowen cut Avantor from a “buy” rating to a “hold” rating and set a $15.
50 target price on the stock. in a report on Monday. Wells Fargo & Company decreased their price target on Avantor from $25.
00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Robert W.
Baird decreased their price target on Avantor from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday.
Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Avantor has an average rating of “Hold” and an average target price of $18.88.
View Our Latest Analysis on AVTR Avantor Stock Performance Avantor ( NYSE:AVTR – Get Free Report ) last announced its earnings results on Friday, April 25th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.
23. Avantor had a return on equity of 12.17% and a net margin of 10.
49%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.
61 billion. During the same period last year, the firm earned $0.22 EPS.
Avantor’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that Avantor will post 1.
06 earnings per share for the current year. Insider Transactions at Avantor In other news, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.
53, for a total value of $65,877.74. Following the sale, the executive vice president now directly owns 87,379 shares of the company’s stock, valued at approximately $1,531,753.
87. The trade was a 4.12 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, Director Joseph R. Massaro bought 8,100 shares of Avantor stock in a transaction dated Tuesday, April 29th.
The stock was purchased at an average cost of $12.30 per share, for a total transaction of $99,630.00.
Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here . Insiders own 1.
20% of the company’s stock. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc.
grew its position in Avantor by 6.9% in the first quarter. Envestnet Asset Management Inc.
now owns 682,325 shares of the company’s stock worth $11,060,000 after acquiring an additional 44,073 shares in the last quarter. Lightrock Netherlands B.V.
purchased a new position in Avantor in the first quarter worth about $3,491,000. IFM Investors Pty Ltd grew its position in Avantor by 7.2% in the first quarter.
IFM Investors Pty Ltd now owns 126,305 shares of the company’s stock worth $2,047,000 after acquiring an additional 8,478 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Avantor during the first quarter valued at approximately $1,613,000. Finally, New South Capital Management Inc.
grew its stake in shares of Avantor by 35.8% during the first quarter. New South Capital Management Inc.
now owns 1,784,651 shares of the company’s stock valued at $28,929,000 after buying an additional 470,472 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Avantor Company Profile ( 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.
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