Stocks of Avantor Inc. (NYSE:AVTR) traded higher last session on Wall Street, up 1.36% to $25.38.
AVTR stock price is now 5.97% away from the 50-day moving average and 17.42% away from the 200-day moving average. The market capitalization of the company currently stands at $17.21B.
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With the price target enhanced from $19.50 to $26, Evercore ISI Upgraded its rating from In-line to Outperform for Avantor Inc. (NYSE: AVTR). On December 11, 2023, TD Cowen Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $21 to quote $28, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Eck Steven W, SVP & Chief Accounting Officer sold 3,685 shares of the company’s stock on Mar 08 ’24. The stock was sold for $94,447 at an average price of $25.63. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 34,406 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, EVP, AMEA Couturier Christophe sold 13,074 shares of the business’s stock. A total of $320,705 was realized by selling the stock at an average price of $24.53. This leaves the insider owning 83,889 shares of the company worth $2.13 million. A total of 2.57% of the company’s stock is owned by insiders.
During the past 12 months, Avantor Inc. has had a low of $16.63 and a high of $26.16. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 1.61, and a quick ratio of 1.05. According to the stock market information, the enterprise value for the company is $22.49B, which is based on a 53.63 price-to-earnings ratio, a 5.89 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for AVTR is $24.02 and a two-hundred day moving average price translates $21.64 for the stock.
The latest earnings results from Avantor Inc. (NYSE: AVTR) was released for Dec, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.22 by 0.03. This compares to $0.21 EPS in the same period last year. The net profit margin was 4.61% and return on equity was 6.35% for AVTR. The company reported revenue of $1.72 billion for the quarter, compared to $1.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.02 percent. For the current quarter, analysts expect AVTR to generate $1.68B in revenue.
