The stock of Avantor Inc (NYSE:AVTR) last traded at $20.74, down -1.94% from the previous session.
AVTR stock price is now -15.41% away from the 50-day moving average and -14.49% away from the 200-day moving average. The market capitalization of the company currently stands at $13.84B.
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With the price target of $30, Wells Fargo recently initiated with Overweight rating for Avantor Inc (NYSE: AVTR). On July 10, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $30 to quote $23, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Eck Steven W, SVP & Chief Accounting Officer sold 3,525 shares of the company’s stock on Sep 05 ’24. The stock was sold for $88,336 at an average price of $25.06. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 29,544 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Officer Eck Steven W bought 3,525 shares of the business’s stock. A total of $88,336 was incurred on buying the stock at an average price of $25.06. A total of 2.53% of the company’s stock is owned by insiders.
During the past 12 months, Avantor Inc has had a low of $18.87 and a high of $28.00. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 1.54, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $18751830016, which is based on a 45.64 price-to-earnings ratio, a 5.07 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for AVTR is $24.5174 and a two-hundred day moving average price translates $24.2545 for the stock.
The latest earnings results from Avantor Inc (NYSE: AVTR) was released for 2024-09-30. The net profit margin was 4.54% and return on equity was 5.81% for AVTR. The company reported revenue of $1.71 billion for the quarter, compared to $1.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.34 percent.
