Avantor (NYSE:AVTR) Downgraded by TheStreet to “C+”

TheStreet lowered shares of Avantor (NYSE:AVTRGet Rating) from a b- rating to a c+ rating in a research report released on Wednesday, TheStreetRatingsTable reports.

AVTR has been the topic of a number of other reports. Raymond James cut their target price on shares of Avantor from $40.00 to $36.00 and set an outperform rating on the stock in a report on Monday, August 1st. Robert W. Baird cut their target price on shares of Avantor from $44.00 to $34.00 and set an outperform rating on the stock in a report on Monday, August 1st. The Goldman Sachs Group cut their target price on shares of Avantor from $42.00 to $37.00 and set a buy rating on the stock in a report on Thursday, July 14th. 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 report on Monday, September 12th. Finally, Credit Suisse Group started coverage on shares of Avantor in a research report on Wednesday, August 24th. They issued a neutral rating and a $32.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Avantor presently has a consensus rating of Moderate Buy and a consensus target price of $33.43.

Avantor Stock Down 1.6 %

AVTR stock opened at $20.95 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 1.41. Avantor has a twelve month low of $20.78 and a twelve month high of $44.37. The company’s 50 day moving average is $26.85 and its two-hundred day moving average is $30.06. The stock has a market cap of $14.12 billion, a P/E ratio of 22.53, a PEG ratio of 1.91 and a beta of 1.34.

Avantor (NYSE:AVTRGet Rating) last released its quarterly earnings data 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). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.98 billion. Avantor had a return on equity of 27.14% and a net margin of 8.27%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Research analysts expect that Avantor will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Avantor

Institutional investors have recently made changes to their positions in the stock. Bank of New Hampshire purchased a new stake in shares of Avantor during the 1st quarter worth $25,000. Byrne Asset Management LLC acquired a new position in shares of Avantor during the 4th quarter worth $32,000. Standard Family Office LLC acquired a new position in shares of Avantor during the 4th quarter worth $50,000. EverSource Wealth Advisors LLC acquired a new position in shares of Avantor during the 4th quarter worth $55,000. Finally, Dark Forest Capital Management LP raised its stake in shares of Avantor by 165.0% during the 2nd quarter. Dark Forest Capital Management LP now owns 1,346 shares of the company’s stock worth $42,000 after buying an additional 838 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Avantor Company Profile

(Get Rating)

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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