Avantor (NYSE:AVTR) Shares Gap Up to $24.41

Avantor, Inc. (NYSE:AVTR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $24.41, but opened at $25.24. Avantor shares last traded at $25.72, with a volume of 922,461 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AVTR. JPMorgan Chase & Co. increased their price target on Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Evercore ISI increased their price target on Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. UBS Group raised their target price on Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Royal Bank of Canada raised their target price on Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Robert W. Baird raised their target price on Avantor from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Avantor Stock Down 0.7 %

The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $17.27 billion, a PE ratio of 53.04, a P/E/G ratio of 2.48 and a beta of 1.37. The stock has a 50-day moving average of $25.05 and a 200 day moving average of $22.57.

Avantor (NYSE:AVTR) last issued its earnings results on Wednesday, February 14th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Sell-side analysts anticipate that Avantor, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at Avantor

In other Avantor news, EVP James Bramwell sold 6,203 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total value of $151,911.47. Following the sale, the executive vice president now directly owns 101,143 shares in the company, valued at $2,476,992.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Avantor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Park Place Capital Corp raised its stake in shares of Avantor by 18.2% during the 3rd quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock valued at $64,000 after purchasing an additional 467 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Avantor by 2.0% during the 4th quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company’s stock valued at $690,000 after purchasing an additional 591 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Avantor by 3.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company’s stock valued at $427,000 after purchasing an additional 685 shares during the period. Fifth Third Bancorp raised its stake in shares of Avantor by 125.3% during the 4th quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock valued at $28,000 after purchasing an additional 694 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Avantor by 1.6% during the 4th quarter. Mackenzie Financial Corp now owns 46,610 shares of the company’s stock valued at $1,064,000 after purchasing an additional 747 shares during the period. 95.08% of the stock is currently owned by institutional investors.

Avantor Company Profile

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.