Shares of Avantor Inc (NYSE:AVTR) have been given an average rating of “Buy” by the twenty-two ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.81.
Several research analysts have recently commented on the company. Cleveland Research assumed coverage on Avantor in a report on Friday, August 2nd. They set a “neutral” rating for the company. Zacks Investment Research lowered Avantor from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Janney Montgomery Scott reissued a “buy” rating and set a $18.70 price objective (down previously from $27.00) on shares of Avantor in a report on Wednesday, June 26th. Finally, Barclays reissued a “buy” rating and set a $22.00 price objective on shares of Avantor in a report on Thursday, July 18th.
AVTR stock traded down $0.21 during mid-day trading on Monday, reaching $14.12. 1,673,200 shares of the company traded hands, compared to its average volume of 3,064,402. Avantor has a 52-week low of $13.33 and a 52-week high of $19.58. The company has a fifty day moving average price of $15.04.
Avantor (NYSE:AVTR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that Avantor will post 0.57 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Artal Group S.A. bought a new stake in Avantor in the 2nd quarter worth approximately $133,630,000. Senator Investment Group LP bought a new stake in Avantor in the 2nd quarter worth approximately $195,672,000. BlueMountain Capital Management LLC bought a new stake in Avantor in the 2nd quarter worth approximately $6,682,000. Egerton Capital UK LLP bought a new stake in Avantor in the 2nd quarter worth approximately $83,756,000. Finally, United Services Automobile Association bought a new stake in Avantor in the 2nd quarter worth approximately $2,643,000. Institutional investors own 73.48% of the company’s stock.
Avantor Company Profile
Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.
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