Avantor Inc. (NYSE: AVTR) stock fell -0.15% on Thursday to $20.38 against a previous-day closing price of $20.41. With 4.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.57 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $20.56 whereas the lowest price it dropped to was $20.24. The 52-week range on AVTR shows that it touched its highest point at $33.48 and its lowest point at $17.91 during that stretch. It currently has a 1-year price target of $25.06. Beta for the stock currently stands at 1.32.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AVTR was down-trending over the past week, with a drop of -2.25%, but this was up by 8.87% over a month. Three-month performance dropped to -17.22% while six-month performance fell -3.27%. The stock lost -35.10% in the past year, while it has lost -3.37% so far this year. A look at the trailing 12-month EPS for AVTR yields 0.90 with Next year EPS estimates of 1.47. For the next quarter, that number is 0.29. This implies an EPS growth rate of 15.10% for this year and 14.10% for next year. EPS is expected to grow by 3.72% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.70%.
Float and Shares Shorts:
At present, 674.70 million AVTR shares are outstanding with a float of 656.38 million shares on hand for trading. On Apr 27, 2023, short shares totaled 13.15 million, which was 1.95% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Stubblefield as the firm’s Pres, CEO & Director, Mr. Thomas A. Szlosek serves as its Exec. VP & CFO.
Through their ownership of 90.46% of AVTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.01% of AVTR, in contrast to 53.07% held by mutual funds. Shares owned by individuals account for 38.38%. As the largest shareholder in AVTR with 11.28% of the stake, T. Rowe Price Investment Manageme holds 76,066,459 shares worth 76,066,459. A second-largest stockholder of AVTR, The Vanguard Group, Inc., holds 61,257,442 shares, controlling over 9.08% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in AVTR, holding 30,073,109 shares or 4.46% stake. With a 4.01% stake in AVTR, the T Rowe Price Capital Appreciation is the largest stakeholder. A total of 27,058,051 shares are owned by the mutual fund manager. The Canada Pension Plan, which owns about 3.61% of AVTR stock, is the second-largest Mutual Fund holder. It holds 24,344,000 shares valued at 474.22 million. Vanguard Total Stock Market ETF holds 2.95% of the stake in AVTR, owning 19,901,257 shares worth 387.68 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AVTR reported revenue of $1.91B and operating income of $295.60M. The EBITDA in the recently reported quarter was $386.90M and diluted EPS was $0.28.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVTR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AVTR analysts setting a high price target of $30.00 and a low target of $20.00, the average target price over the next 12 months is $25.39. Based on these targets, AVTR could surge 47.2% to reach the target high and fall by -1.86% to reach the target low. Reaching the average price target will result in a growth of 24.58% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AVTR stock several times over the past three months with 1 Buys and 5 Sells. In these transactions, 48,332 shares were bought while 11,364 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 732,437 while 276,983 shares were sold.