Avantor Inc. (NYSE: AVTR) – Analysts’ Revisions Show An Improving Sentiment

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Avantor Inc. (NYSE:AVTR) traded at $23.42 at last check on Monday, June 10, made a downward move of -2.44% on its previous day’s price.

Looking at the stock we see that its previous close was $24.01. The company has a trailing 12-month PE ratio of 61.23. In terms of its 52-week price range, AVTR has a high of $26.16 and a low of $16.63. The company’s stock has lost about -5.43% over that past 30 days.

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Avantor Inc. has a market cap of $15.91 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.23, with the EPS growth for the year raised at $1.01 for 2024 and $1.23 for next year. These figures represent -4.70% and 21.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.7 billion, with a low of $1.69 billion and a high of $1.72 billion. The median projection represents growth adding up to -2.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $6.94 billion, or -0.40% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AVTR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note that the PEG ratio for the AVTR stock currently stands at 6.96, and the most recent price level today is -4.00% off its SMA20 and -5.16% from its 50-day simple moving average. The RSI (14) is pointing at 36.09 while the volatility over the past week is 1.49% and jumps to 1.81% over the past one month. The beta value is 1.35, while the average true range (ATR) is currently pointing at 0.49.

Coming back to Avantor Inc. (NYSE:AVTR), we note that the average 3-month trading volume was 4.53 million. Current shares outstanding are 676.60 million.

The insiders hold 2.61% of the company’s shares while institutions hold 93.93%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 2.61% up in year-to-date price movement.

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