FY2024 EPS Estimates for Avantor, Inc. (NYSE:AVTR) Lifted by William Blair

Avantor, Inc. (NYSE:AVTR) – Equities research analysts at William Blair lifted their FY2024 earnings per share (EPS) estimates for Avantor in a note issued to investors on Monday, April 29th. William Blair analyst M. Larew now forecasts that the company will post earnings per share of $1.02 for the year, up from their previous forecast of $1.01. The consensus estimate for Avantor’s current full-year earnings is $1.01 per share.

Several other brokerages have also weighed in on AVTR. UBS Group increased their target price on Avantor from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Citigroup boosted their target price on shares of Avantor from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Robert W. Baird dropped their price target on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday. Raymond James lifted their price target on Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada increased their price objective on Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.71.

Avantor Stock Down 0.4 %

Shares of Avantor stock opened at $24.32 on Wednesday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 1.47 and a beta of 1.36. Avantor has a twelve month low of $16.63 and a twelve month high of $26.16. The company has a current ratio of 1.61, a quick ratio of 1.05 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is $25.08 and its 200-day simple moving average is $22.70.

Avantor (NYSE:AVTR) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Avantor had a net margin of 3.79% and a return on equity of 13.01%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year.

Institutional Investors Weigh In On Avantor

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in shares of Avantor by 125.3% in the fourth quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock worth $28,000 after buying an additional 694 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Avantor by 565.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,331 shares of the company’s stock valued at $30,000 after acquiring an additional 1,131 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Avantor in the 4th quarter valued at approximately $42,000. Montag A & Associates Inc. acquired a new position in Avantor in the 4th quarter worth approximately $43,000. Finally, TFO Wealth Partners LLC grew its position in Avantor by 203,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,032 shares of the company’s stock worth $46,000 after purchasing an additional 2,031 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Insider Buying and Selling at Avantor

In other news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the transaction, the executive vice president now owns 101,143 shares of the company’s stock, valued at approximately $2,476,992.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

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.