Avantor Inc. (NYSE: AVTR) Dropped -5.38% In 6 Months – Here’s What Might Happen Next

Avantor Inc. (NYSE:AVTR)’s traded shares stood at 1.84 million during the latest session, with the company’s beta value hitting 1.33. At the last check today, the stock’s price was $22.65, to imply a decrease of -2.65% or -$0.62 in intraday trading. The AVTR share’s 52-week high remains $28.00, putting it -23.62% down since that peak but still an impressive 26.58% since price per share fell to its 52-week low of $16.63. The company has a valuation of $15.40B, with an average of 5.79 million shares in intraday trading volume over the past 10 days and average of 7.30 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Avantor Inc. (AVTR), translating to a mean rating of 1.83. Of 10 analyst(s) looking at the stock, 0 analyst(s) give AVTR a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.25.

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Avantor Inc. (NYSE:AVTR) trade information

After registering a -2.65% downside in the latest session, Avantor Inc. (AVTR) has traded red over the past five days. The 5-day price performance for the stock is -8.40%, and -13.07% over 30 days. With these gigs, the year-to-date price performance is -0.78%. Short interest in Avantor Inc. (NYSE:AVTR) saw shorts transact 35.91 million shares and set a 7.15 days time to cover.

The extremes give us $25 and $50 for target low and target high price respectively. As such, AVTR has been trading -120.75% off suggested target high and -10.38% from its likely low.

Avantor Inc. (AVTR) estimates and forecasts

Looking at statistics comparing Avantor Inc. share performance against respective industry, we note that the company has underperformed competitors. Avantor Inc. (AVTR) shares are -5.38% down over the last 6 months, with its year-to-date growth rate lower than industry average at -4.72% against 7.90%. The rating firms project that company’s revenue will shrink -0.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 18 analysts is 1.73B. Meanwhile, for the current quarter, a total of 16 analyst(s) estimate revenue growth to 1.8B.Earnings reports from the last fiscal year show that sales brought in 1.7B and 1.72B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.20% before jumping 4.30% in the following quarter.

AVTR Dividends

Avantor Inc. has its next earnings report out on 2024-Oct-25. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Avantor Inc. (NYSE:AVTR)’s Major holders

Avantor Inc. insiders hold 1.25% of total outstanding shares, with institutional holders owning 97.58% of the shares at 98.82% float percentage. In total, 97.58% institutions holds shares in the company, led by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. As of 2024-06-30, the company held over 69.67 million shares (or 10.2749% of shares), all amounting to roughly $1.48 billion.

The next major institution holding the largest number of shares is DODGE & COX with 65.36 million shares, or about 9.6393% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.39 billion.