The price of Avantor Inc. (NYSE:AVTR) shares last traded on Wall Street rose 5.08% to $25.65.
AVTR stock price is now 3.04% away from the 50-day moving average and 16.03% away from the 200-day moving average. The market capitalization of the company currently stands at $17.42B.
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 $0.88 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 $2.15 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.
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.
