Stocks of Avantor Inc. (NYSE:AVTR) traded higher last session on Wall Street, up 0.53% to $20.85.
AVTR stock price is now -8.74% away from the 50-day moving average and -7.98% away from the 200-day moving average. The market capitalization of the company currently stands at $14.16B.
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With the price target reduced from $30 to $23, Citigroup Downgraded its rating from Buy to Neutral for Avantor Inc. (NYSE: AVTR). On January 04, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $19.50 to quote $26, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Eck Steven W, SVP & Chief Accounting Officer sold 3,685 shares of the company’s stock on Mar 08 ’24. The stock was sold for $94,447 at an average price of $25.63. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 34,406 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, EVP, AMEA Couturier Christophe sold 13,074 shares of the business’s stock. A total of $320,705 was realized by selling the stock at an average price of $24.53. This leaves the insider owning 83,889 shares of the company worth $1.75 million. A total of 2.57% of the company’s stock is owned by insiders.
During the past 12 months, Avantor Inc. has had a low of $16.63 and a high of $26.16. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 1.61, and a quick ratio of 1.05. According to the stock market information, the enterprise value for the company is $19232802816, which is based on a 54.50 price-to-earnings ratio, a 6.19 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for AVTR is $22.7658 and a two-hundred day moving average price translates $22.6576 for the stock.
The latest earnings results from Avantor Inc. (NYSE: AVTR) was released for 2024-03-31. The net profit margin was 3.79% and return on equity was 5.03% for AVTR. The company reported revenue of $1.68 billion for the quarter, compared to $1.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.65 percent.
