Evercore ISI Cuts Avantor (NYSE:AVTR) Price Target to $14.00

Avantor (NYSE:AVTR) had its price objective decreased by Evercore ISI from $16.00 to $14.00 in a report issued on Thursday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada decreased their target price on shares of Avantor from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Barclays reissued an “equal weight” rating and issued a $12.00 target price (down from $15.00) on shares of Avantor in a report on Thursday. UBS Group set a $12.00 target price on shares of Avantor in a report on Thursday. Jefferies Financial Group reissued a “hold” rating on shares of Avantor in a report on Friday, August 1st. Finally, Raymond James Financial raised their price target on shares of Avantor from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.42.

Avantor Price Performance

AVTR stock opened at $11.82 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.65. Avantor has a 12 month low of $10.82 and a 12 month high of $23.70. The firm has a market cap of $8.06 billion, a P/E ratio of -90.89, a P/E/G ratio of 4.08 and a beta of 0.98. The company’s 50-day moving average price is $13.33 and its two-hundred day moving average price is $13.26.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, October 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Avantor had a negative net margin of 1.25% and a positive return on equity of 10.91%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business earned $0.26 earnings per share. Avantor’s quarterly revenue was down 5.3% compared to the same quarter last year. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. On average, analysts anticipate that Avantor will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gregory L. Summe purchased 100,000 shares of Avantor stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $11.25 per share, for a total transaction of $1,125,000.00. Following the purchase, the director owned 300,000 shares in the company, valued at approximately $3,375,000. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Steven W. Eck sold 3,476 shares of Avantor stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total transaction of $39,591.64. Following the sale, the chief accounting officer owned 55,068 shares in the company, valued at approximately $627,224.52. This represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Avantor

Several hedge funds have recently added to or reduced their stakes in AVTR. Rise Advisors LLC acquired a new stake in Avantor during the 1st quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position in Avantor by 288.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company’s stock worth $28,000 after buying an additional 1,263 shares during the period. EverSource Wealth Advisors LLC boosted its position in Avantor by 119.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after buying an additional 1,189 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in Avantor during the 2nd quarter worth approximately $32,000. Finally, Wealthquest Corp acquired a new stake in Avantor during the 1st quarter worth approximately $34,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.

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.