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Avantor (NYSE:AVTR) Cut to "C+" at TheStreet

Defense World ·  09/24 13:21

TheStreet downgraded shares of Avantor (NYSE:AVTR – Get Rating) from a b- rating to a c+ rating in a research report report published on Wednesday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on AVTR. Stifel Nicolaus decreased their price objective on shares of Avantor from $35.00 to $28.00 in a report on Monday, September 19th. Credit Suisse Group began coverage on shares of Avantor in a report on Wednesday, August 24th. They issued a neutral rating and a $32.00 price objective for the company. Barclays decreased their price objective on shares of Avantor from $33.00 to $30.00 and set an overweight rating for the company in a report on Monday, September 12th. Evercore ISI decreased their price objective on shares of Avantor to $35.00 in a report on Tuesday, August 9th. Finally, Robert W. Baird decreased their price objective on shares of Avantor from $44.00 to $34.00 and set an outperform rating for the company in a report on Monday, August 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $33.43.

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Avantor Price Performance

AVTR stock opened at $20.60 on Wednesday. The firm has a 50 day moving average price of $26.69 and a 200-day moving average price of $29.98. Avantor has a 52-week low of $20.34 and a 52-week high of $44.06. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.87 and a beta of 1.34. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.64.

Avantor (NYSE:AVTR – Get Rating) last released its earnings results on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Avantor had a net margin of 8.27% and a return on equity of 27.14%. The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.35 earnings per share. Avantor's revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that Avantor will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Avantor

Hedge funds have recently modified their holdings of the business. Bank of New Hampshire bought a new stake in shares of Avantor during the 1st quarter valued at $25,000. Byrne Asset Management LLC bought a new stake in shares of Avantor during the 4th quarter valued at $32,000. Standard Family Office LLC bought a new stake in shares of Avantor during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC bought a new stake in shares of Avantor during the 4th quarter valued at $55,000. Finally, Dark Forest Capital Management LP boosted its holdings in Avantor by 165.0% in 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 period. Institutional investors own 81.22% of the company's stock.

Avantor Company Profile

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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.

Further Reading

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