The stock of Avantor Inc. (NYSE:AVTR) last traded at $17.15, down -3.81% from the previous session.
Data from the available sources indicates that Avantor Inc. (NYSE:AVTR) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $18.00, we find $22.75. Given the previous closing price of $17.83, this indicates a potential upside of 27.59 percent. AVTR stock price is now -18.51% away from the 50-day moving average and -19.66% away from the 200-day moving average. The market capitalization of the company currently stands at $11.59B.
In total, 7 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $23.04 as their price target over the next twelve months.
With the price target of $22, Bernstein recently initiated with Mkt Perform rating for Avantor Inc. (NYSE: AVTR).
In other news, Eck Steven W, SVP & Chief Accounting Officer sold 7,577 shares of the company’s stock on Sep 07. The stock was sold for $156,389 at an average price of $20.64. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 28,187 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 25, EVP, Americas and Europe Vanderhaegen Frederic sold 25,000 shares of the business’s stock. A total of $536,750 was realized by selling the stock at an average price of $21.47. This leaves the insider owning 160,735 shares of the company worth $2.76 million. Insiders disposed of 548,848 shares of company stock worth roughly $9.41 million over the past 1 year. A total of 2.67% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AVTR stock. A new stake in Avantor Inc. shares was purchased by WOODLINE PARTNERS LP during the first quarter worth $22,049,000. WOLF HILL CAPITAL MANAGEMENT, LP invested $14,264,000 in shares of AVTR during the first quarter. In the first quarter, DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT acquired a new stake in Avantor Inc. valued at approximately $8,561,000. MOORE CAPITAL MANAGEMENT, LP acquired a new stake in AVTR for approximately $7,578,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in AVTR valued at around $7,153,000 in the second quarter. In total, there are 690 active investors with 89.89% ownership of the company’s stock.
During the past 12 months, Avantor Inc. has had a low of $17.60 and a high of $25.25. As of last week, the company has a debt-to-equity ratio of 1.10, a current ratio of 1.60, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $16.99B, which is based on a 31.91 price-to-earnings ratio, a 8.40 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for AVTR is $20.96 and a two-hundred day moving average price translates $21.32 for the stock.
The latest earnings results from Avantor Inc. (NYSE: AVTR) was released for Sep, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.28, missing analysts’ expectations of $0.29 by -0.01. This compares to $0.25 EPS in the same period last year. The net profit margin was 5.18% and return on equity was 7.52% for AVTR. The company reported revenue of $1.72 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.34 percent. For the current quarter, analysts expect AVTR to generate $1.71B in revenue.
