Avantor (NYSE:AVTR) Issues Quarterly Earnings Results

Avantor (NYSE:AVTR) announced its quarterly earnings results on Friday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02, RTT News reports. Avantor had a net margin of 4.54% and a return on equity of 12.24%. During the same quarter in the previous year, the company posted $0.22 earnings per share.

Avantor Stock Performance

Shares of AVTR traded down $2.18 on Friday, reaching $19.52. The company’s stock had a trading volume of 7,605,402 shares, compared to its average volume of 4,938,208. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.06. Avantor has a 12-month low of $19.53 and a 12-month high of $28.00. The stock has a market capitalization of $13.28 billion, a P/E ratio of 42.46, a PEG ratio of 3.97 and a beta of 1.28. The stock’s 50 day simple moving average is $21.76 and its two-hundred day simple moving average is $23.46.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group reissued a “neutral” rating and set a $25.00 price target (down previously from $29.00) on shares of Avantor in a research report on Friday, January 17th. Barclays raised their target price on shares of Avantor from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company dropped their target price on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Raymond James dropped their target price on shares of Avantor from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Finally, Robert W. Baird decreased their price target on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.46.

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.