Avantor (NYSE:AVTR) Price Target Increased to $25.00 by Analysts at Deutsche Bank Aktiengesellschaft

Avantor (NYSE:AVTR) had its price objective raised by Deutsche Bank Aktiengesellschaft from $23.00 to $25.00 in a research report sent to investors on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. raised their target price on Avantor from $26.00 to $29.00 and gave the company an overweight rating in a report on Thursday, February 15th. UBS Group lifted their price objective on Avantor from $25.00 to $29.00 and gave the stock a buy rating in a report on Thursday, February 15th. Barclays lifted their price objective on Avantor from $27.00 to $30.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Robert W. Baird lifted their price objective on Avantor from $25.00 to $26.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Finally, Raymond James lifted their price objective on Avantor from $22.50 to $26.00 and gave the stock an outperform rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $26.71.

Avantor Stock Performance

Shares of NYSE:AVTR opened at $24.29 on Thursday. The company has a market cap of $16.48 billion, a P/E ratio of 50.60, a PEG ratio of 1.55 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. Avantor has a one year low of $16.63 and a one year high of $26.16. The business’s 50-day simple moving average is $24.91 and its 200 day simple moving average is $22.44.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, February 14th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. On average, sell-side analysts forecast that Avantor will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Avantor

In other news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the transaction, the executive vice president now owns 101,143 shares in the company, valued at approximately $2,476,992.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Place Capital Corp boosted its position in Avantor by 18.2% during the 3rd quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock valued at $64,000 after purchasing an additional 467 shares during the period. Cibc World Market Inc. boosted its position in Avantor by 1.3% during the 1st quarter. Cibc World Market Inc. now owns 36,082 shares of the company’s stock valued at $1,220,000 after purchasing an additional 480 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Avantor by 3.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 18,598 shares of the company’s stock valued at $392,000 after purchasing an additional 579 shares during the period. Vontobel Holding Ltd. boosted its position in Avantor by 2.0% during the 4th quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company’s stock valued at $690,000 after purchasing an additional 591 shares during the period. Finally, Cetera Advisor Networks LLC boosted its position in Avantor by 4.1% during the 4th quarter. Cetera Advisor Networks LLC now owns 15,881 shares of the company’s stock valued at $363,000 after purchasing an additional 622 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

About Avantor

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.