Q3 2019 Earnings Forecast for Avantor Inc (NYSE:AVTR) Issued By KeyCorp

Avantor Inc (NYSE:AVTR) – Equities researchers at KeyCorp boosted their Q3 2019 earnings estimates for Avantor in a report released on Tuesday, August 6th, Zacks Investment Research reports. KeyCorp analyst M. Mishan now expects that the company will earn $0.16 per share for the quarter, up from their prior forecast of $0.15. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Avantor’s Q4 2019 earnings at $0.16 EPS, FY2020 earnings at $0.86 EPS and FY2021 earnings at $1.04 EPS.

AVTR has been the topic of a number of other reports. Goldman Sachs Group began coverage on shares of Avantor in a report on Tuesday, June 11th. They issued a “buy” rating and a $20.00 price target on the stock. Raymond James began coverage on shares of Avantor in a research note on Wednesday, June 12th. They issued an “outperform” rating and a $20.00 price objective for the company. Deutsche Bank began coverage on shares of Avantor in a research note on Tuesday, June 11th. They issued a “buy” rating and a $21.00 price objective for the company. William Blair began coverage on shares of Avantor in a research note on Tuesday, June 11th. They issued an “outperform” rating for the company. Finally, Cowen began coverage on shares of Avantor in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $21.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.81.

Shares of NYSE AVTR opened at $15.97 on Thursday. The company has a fifty day moving average of $17.84. Avantor has a 52-week low of $14.00 and a 52-week high of $19.58.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. The business’s quarterly revenue was up 3.7% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in the stock. Coastal Investment Advisors Inc. purchased a new stake in Avantor in the 2nd quarter valued at about $69,000. JPMorgan Chase & Co. purchased a new stake in Avantor in the 2nd quarter valued at about $103,000. Russell Investments Group Ltd. purchased a new stake in Avantor in the 2nd quarter valued at about $113,000. FTB Advisors Inc. purchased a new stake in Avantor in the 2nd quarter valued at about $127,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Avantor in the 2nd quarter valued at about $179,000. 0.25% of the stock is owned by hedge funds and other institutional investors.

Avantor Company Profile

Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.

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Earnings History and Estimates for Avantor (NYSE:AVTR)

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