Avantor (NYSE:AVTR) Given a $14.00 Price Target by Raymond James Financial Analysts

Avantor (NYSE:AVTR) has been assigned a $14.00 price target by equities research analysts at Raymond James Financial in a report issued on Monday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 23.08% from the company’s current price.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group cut Avantor from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $14.00 in a research note on Tuesday, April 29th. TD Cowen cut Avantor from a “buy” rating to a “hold” rating and set a $15.50 price target on the stock. in a research note on Monday, April 28th. Cowen cut Avantor from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Royal Bank Of Canada cut their target price on Avantor from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Avantor in a research report on Friday, August 1st. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Avantor presently has an average rating of “Hold” and a consensus price target of $15.50.

Avantor Stock Down 0.0%

Shares of AVTR traded down $0.01 during trading hours on Monday, hitting $11.38. The company had a trading volume of 5,949,496 shares, compared to its average volume of 10,664,880. The company has a market capitalization of $7.75 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. Avantor has a one year low of $10.82 and a one year high of $27.83. The company’s fifty day moving average price is $13.25 and its two-hundred day moving average price is $15.19.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Avantor had a return on equity of 11.39% and a net margin of 10.31%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, equities analysts forecast that Avantor will post 1.06 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Steven W. Eck sold 3,476 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the transaction, the chief accounting officer owned 55,068 shares in the company, valued at approximately $627,224.52. The trade was a 5.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory L. Summe purchased 30,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $12.50 per share, for a total transaction of $375,000.00. Following the transaction, the director directly owned 100,000 shares in the company, valued at approximately $1,250,000. This trade represents a 42.86% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Avantor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dodge & Cox lifted its stake in Avantor by 1.1% in the first quarter. Dodge & Cox now owns 100,262,723 shares of the company’s stock worth $1,625,259,000 after acquiring an additional 1,116,953 shares during the period. Vanguard Group Inc. raised its holdings in Avantor by 1.5% in the first quarter. Vanguard Group Inc. now owns 64,952,926 shares of the company’s stock worth $1,052,887,000 after purchasing an additional 983,172 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Avantor by 1.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 41,969,199 shares of the company’s stock worth $680,321,000 after purchasing an additional 608,806 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Avantor by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 21,037,089 shares of the company’s stock worth $443,251,000 after purchasing an additional 112,644 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Avantor by 2.5% in the fourth quarter. Janus Henderson Group PLC now owns 18,136,206 shares of the company’s stock worth $382,131,000 after purchasing an additional 443,501 shares in the last quarter. 95.08% of the stock is currently 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.