1 week Ago By Defense World Staff
Avantor (NYSE:AVTR – Free Report) had its price target decreased by Barclays from $23.00 to $18.00 in a research report report published on Thursday morning,Benzinga reports.
Barclays currently has an overweight rating on the stock.A number of other research firms have also commented on AVTR. Stifel Nicolaus dropped their price objective on Avantor from $28.
00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Citigroup dropped their price target on Avantor from $22.
00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Royal Bank of Canada reduced their price objective on Avantor from $33.
00 to $31.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of Avantor from $28.
00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Raymond James reiterated an “outperform” rating and set a $24.
00 target price (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.08.
Read Our Latest Stock Report on AVTRAvantor Stock Up 3.5 %Shares of AVTR stock opened at $15.21 on Thursday.
The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.
55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.
54, a quick ratio of 0.70 and a current ratio of 1.07.
The stock’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $20.47.
Avantor has a twelve month low of $13.80 and a twelve month high of $28.00.
Avantor (NYSE:AVTR – Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
26 by $0.01. Avantor had a net margin of 10.
49% and a return on equity of 12.17%. During the same period in the previous year, the business earned $0.
22 earnings per share. As a group, research analysts predict that Avantor will post 1.06 EPS for the current year.
Insider Activity at AvantorIn other Avantor news, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.
53, for a total transaction of $86,019.71. Following the completion of the transaction, the chief accounting officer now directly owns 40,604 shares in the company, valued at $711,788.
12. This represents a 10.78 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $17.
53, for a total value of $65,877.74. Following the transaction, the executive vice president now directly owns 87,379 shares of the company’s stock, valued at approximately $1,531,753.
87. The trade was a 4.12 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
Institutional Trading of AvantorSeveral large investors have recently added to or reduced their stakes in AVTR. Dodge & Cox raised its stake in shares of Avantor by 44.9% in the fourth quarter.
Dodge & Cox now owns 99,145,770 shares of the company’s stock valued at $2,089,001,000 after acquiring an additional 30,727,673 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Avantor by 41.4% during the 4th quarter.
Barrow Hanley Mewhinney & Strauss LLC now owns 30,528,092 shares of the company’s stock valued at $643,227,000 after purchasing an additional 8,936,879 shares in the last quarter. Norges Bank bought a new position in Avantor in the 4th quarter valued at $142,512,000. The Manufacturers Life Insurance Company boosted its stake in Avantor by 48.
3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,158,175 shares of the company’s stock worth $192,963,000 after purchasing an additional 2,983,439 shares in the last quarter. Finally, Clarkston Capital Partners LLC grew its holdings in shares of Avantor by 43.
6% during the fourth quarter. Clarkston Capital Partners LLC now owns 8,145,825 shares of the company’s stock worth $171,633,000 after purchasing an additional 2,473,395 shares during the last quarter. 95.
08% of the stock is owned by institutional investors. About Avantor (Get Free Report)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.
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