William Blair Equities Analysts Cut Earnings Estimates for Avantor, Inc. (NYSE:AVTR)

Avantor, Inc. (NYSE:AVTRGet Rating) – Investment analysts at William Blair reduced their Q4 2022 EPS estimates for shares of Avantor in a research report issued to clients and investors on Thursday, September 15th. William Blair analyst B. Weinstein now forecasts that the company will earn $0.35 per share for the quarter, down from their prior forecast of $0.37. The consensus estimate for Avantor’s current full-year earnings is $1.45 per share.

Avantor (NYSE:AVTRGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Avantor had a return on equity of 27.14% and a net margin of 8.27%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the stock. KeyCorp lowered their price target on shares of Avantor from $51.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, September 15th. The Goldman Sachs Group lowered their price objective on shares of Avantor from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Evercore ISI lowered their price objective on shares of Avantor to $35.00 in a research note on Tuesday, August 9th. UBS Group lowered their price objective on shares of Avantor to $42.00 in a research note on Thursday, September 15th. Finally, Barclays lowered their price objective on shares of Avantor from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, September 12th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.43.

Avantor Stock Performance

NYSE:AVTR opened at $22.25 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 1.41. Avantor has a fifty-two week low of $21.78 and a fifty-two week high of $44.37. The stock has a market cap of $15.00 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The firm’s fifty day simple moving average is $27.48 and its 200-day simple moving average is $30.34.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Avantor by 3.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 86,156,553 shares of the company’s stock worth $2,679,469,000 after acquiring an additional 3,164,276 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Avantor by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 50,759,035 shares of the company’s stock worth $1,716,671,000 after acquiring an additional 439,147 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Avantor by 9.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 24,950,296 shares of the company’s stock worth $1,051,405,000 after acquiring an additional 2,251,340 shares during the period. Boston Partners lifted its holdings in shares of Avantor by 4.3% during the 1st quarter. Boston Partners now owns 19,771,940 shares of the company’s stock worth $668,176,000 after acquiring an additional 806,442 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Avantor by 43.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 12,708,479 shares of the company’s stock worth $395,233,000 after acquiring an additional 3,854,096 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

About Avantor

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Avantor, Inc provides products and services to customers in 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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Earnings History and Estimates for Avantor (NYSE:AVTR)

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