Robert W. Baird Has Lowered Expectations for Avantor (NYSE:AVTR) Stock Price

Avantor (NYSE:AVTR) had its target price cut by equities research analysts at Robert W. Baird from $21.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 31.48% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Morgan Stanley set a $15.00 target price on shares of Avantor in a research report on Monday. Wells Fargo & Company decreased their price objective on Avantor from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Raymond James restated an “outperform” rating and issued a $24.00 target price (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Citigroup decreased their price target on shares of Avantor from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Barclays dropped their price objective on shares of Avantor from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.09.

Avantor Price Performance

Shares of Avantor stock opened at $12.93 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $16.02 and a 200-day simple moving average of $19.72. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.55 and a beta of 1.24. Avantor has a 1-year low of $12.20 and a 1-year high of $28.00.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $0.22 earnings per share. On average, sell-side analysts expect that Avantor will post 1.06 earnings per share for the current year.

Insider Activity at Avantor

In other Avantor news, CAO Steven W. Eck sold 4,907 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the sale, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James Bramwell sold 3,758 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $65,877.74. Following the sale, the executive vice president now directly owns 87,379 shares of the company’s stock, valued at approximately $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Avantor

A number of large investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Avantor by 99.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after purchasing an additional 625 shares during the period. Smartleaf Asset Management LLC grew its stake in Avantor by 106.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $34,000 after purchasing an additional 830 shares in the last quarter. Wealthquest Corp bought a new position in shares of Avantor during the 1st quarter worth approximately $34,000. Global Retirement Partners LLC boosted its holdings in shares of Avantor by 76.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock worth $52,000 after acquiring an additional 1,067 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Avantor by 121.6% during the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company’s stock worth $61,000 after buying an additional 2,056 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Avantor Company Profile

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.