Avantor (NYSE:AVTR) Earns “In-Line” Rating from Evercore ISI

Avantor (NYSE:AVTR)‘s stock had its “in-line” rating reissued by research analysts at Evercore ISI in a report issued on Monday, MarketBeat.com reports. They currently have a $12.00 price objective on the stock, down from their prior price objective of $14.00. Evercore ISI’s price objective points to a potential downside of 2.08% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group downgraded Avantor to an “underperform” rating in a research report on Wednesday, December 17th. Raymond James Financial cut Avantor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Barclays reaffirmed an “equal weight” rating and set a $12.00 target price (down previously from $15.00) on shares of Avantor in a report on Thursday, October 30th. UBS Group set a $12.00 target price on Avantor in a research report on Thursday, October 30th. Finally, Zacks Research raised shares of Avantor from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.83.

Avantor Stock Up 3.1%

Shares of NYSE:AVTR opened at $12.26 on Monday. The company has a market cap of $8.36 billion, a price-to-earnings ratio of -94.27, a PEG ratio of 4.12 and a beta of 0.93. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $11.40 and a 200 day moving average price of $12.62. Avantor has a 12 month low of $10.62 and a 12 month high of $23.32.

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

Insider Transactions at Avantor

In other news, Director Sanjeev K. Mehra bought 350,000 shares of Avantor stock in a transaction on Friday, December 5th. The shares were bought at an average cost of $11.09 per share, for a total transaction of $3,881,500.00. Following the acquisition, the director owned 350,000 shares in the company, valued at approximately $3,881,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory L. Summe purchased 100,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $11.25 per share, with a total value of $1,125,000.00. Following the completion of the acquisition, the director owned 300,000 shares of the company’s stock, valued at approximately $3,375,000. This represents a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Voss Capital LP purchased a new stake in Avantor during the 2nd quarter worth $6,057,000. Tredje AP fonden grew its stake in shares of Avantor by 110.7% during the second quarter. Tredje AP fonden now owns 110,981 shares of the company’s stock valued at $1,494,000 after acquiring an additional 58,304 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new stake in shares of Avantor during the third quarter valued at about $1,248,000. Fifth Third Bancorp increased its position in shares of Avantor by 1,741.4% during the second quarter. Fifth Third Bancorp now owns 73,141 shares of the company’s stock worth $984,000 after acquiring an additional 69,169 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Avantor by 71.4% in the second quarter. Swedbank AB now owns 102,514 shares of the company’s stock worth $1,380,000 after acquiring an additional 42,700 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.