Avantor (NYSE:AVTR) PT Lowered to $44.00 at Cowen

Avantor (NYSE:AVTRGet Rating) had its target price decreased by analysts at Cowen from $50.00 to $44.00 in a research note issued on Tuesday, Stock Target Advisor reports. Cowen’s price objective suggests a potential upside of 40.71% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Morgan Stanley lowered their price target on shares of Avantor from $46.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, February 7th. Robert W. Baird reduced their price target on Avantor from $44.00 to $43.00 in a research report on Monday, February 7th. Raymond James lowered their price objective on Avantor from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday. Citigroup lowered Avantor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $38.00 in a research report on Monday, April 4th. Finally, Barclays raised their price target on Avantor from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $43.59.

Shares of Avantor stock traded up $0.26 during trading on Tuesday, hitting $31.27. 32,624 shares of the stock traded hands, compared to its average volume of 4,653,831. Avantor has a 52-week low of $29.58 and a 52-week high of $44.37. The company has a current ratio of 1.71, a quick ratio of 1.11 and a debt-to-equity ratio of 2.19. The firm has a market cap of $19.07 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.62. The stock’s fifty day simple moving average is $33.86 and its 200 day simple moving average is $37.06.

Avantor (NYSE:AVTRGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Avantor had a return on equity of 35.81% and a net margin of 7.53%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the firm earned $0.29 EPS. As a group, equities analysts expect that Avantor will post 1.5 EPS for the current year.

In related news, EVP Gerard Brophy sold 3,059 shares of the business’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $33.79, for a total value of $103,363.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Avantor by 8.3% during the third quarter. BlackRock Inc. now owns 38,224,314 shares of the company’s stock worth $1,563,371,000 after acquiring an additional 2,937,760 shares during the period. Canada Pension Plan Investment Board lifted its stake in Avantor by 9.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 24,950,296 shares of the company’s stock valued at $1,051,405,000 after buying an additional 2,251,340 shares in the last quarter. American Century Companies Inc. boosted its holdings in Avantor by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 15,717,049 shares of the company’s stock worth $642,827,000 after buying an additional 117,325 shares during the last quarter. Third Point LLC increased its stake in Avantor by 2.9% during the 3rd quarter. Third Point LLC now owns 10,800,000 shares of the company’s stock worth $441,720,000 after buying an additional 300,000 shares in the last quarter. Finally, Pictet Asset Management SA raised its holdings in shares of Avantor by 6.1% during the fourth quarter. Pictet Asset Management SA now owns 8,272,936 shares of the company’s stock valued at $348,622,000 after acquiring an additional 475,370 shares during the last quarter. 92.46% of the stock is owned by institutional investors.

About Avantor (Get Rating)

Avantor, Inc provides products and services to customers in 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.

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