Stifel Nicolaus Boosts Avantor (NYSE:AVTR) Price Target to $21.50

Avantor (NYSE:AVTR) had its price objective upped by Stifel Nicolaus from $18.00 to $21.50 in a research report released on Thursday morning, BenzingaRatingsTable reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other research analysts also recently weighed in on AVTR. JPMorgan Chase & Co. raised their price target on shares of Avantor from $18.00 to $25.00 and gave the company an overweight rating in a report on Thursday. UBS Group reduced their price objective on Avantor from $22.00 to $20.00 and set a buy rating for the company in a research report on Tuesday, April 28th. Citigroup raised their price target on shares of Avantor from $16.00 to $19.00 and gave the stock a buy rating in a research note on Thursday, April 30th. Credit Suisse Group upped their price target on Avantor from $18.00 to $21.00 and gave the company an outperform rating in a research report on Tuesday, July 28th. Finally, Zacks Investment Research downgraded shares of Avantor from a buy rating to a hold rating in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $20.65.

NYSE:AVTR opened at $22.08 on Thursday. Avantor has a 1-year low of $6.66 and a 1-year high of $22.29. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 96.00, a price-to-earnings-growth ratio of 1.66 and a beta of 2.01. The stock has a fifty day simple moving average of $17.98 and a 200 day simple moving average of $16.48.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. On average, analysts anticipate that Avantor will post 0.74 EPS for the current year.

In other news, EVP Michael Wondrasch sold 22,987 shares of Avantor stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $17.82, for a total transaction of $409,628.34. Following the completion of the transaction, the executive vice president now directly owns 154,087 shares in the company, valued at approximately $2,745,830.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder New Mountain Investments Iii, sold 20,886,424 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $15.90, for a total value of $332,094,141.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,726,317 shares of company stock worth $552,420,898. 1.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of AVTR. Comerica Bank boosted its holdings in shares of Avantor by 40.8% during the 2nd quarter. Comerica Bank now owns 15,761 shares of the company’s stock worth $296,000 after buying an additional 4,564 shares during the period. UBS Group AG boosted its holdings in shares of Avantor by 376.1% during the second quarter. UBS Group AG now owns 236,920 shares of the company’s stock worth $4,028,000 after acquiring an additional 187,159 shares during the period. Brinker Capital Inc. increased its stake in shares of Avantor by 39.2% during the second quarter. Brinker Capital Inc. now owns 112,365 shares of the company’s stock worth $1,910,000 after purchasing an additional 31,634 shares during the period. Peregrine Capital Management LLC increased its position in Avantor by 1.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 1,047,572 shares of the company’s stock worth $17,809,000 after buying an additional 16,810 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Avantor by 114.8% in the second quarter. M&T Bank Corp now owns 10,125 shares of the company’s stock valued at $172,000 after acquiring an additional 5,412 shares in the last quarter. 78.90% of the stock is currently owned by institutional investors.

Avantor Company Profile

Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.

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Analyst Recommendations for Avantor (NYSE:AVTR)

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