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Wells Fargo Keeps Their Buy Rating on Avantor (AVTR)

Wells Fargo analyst Timothy Daley maintained a Buy rating on Avantor (AVTRResearch Report) today and set a price target of $33.00. The company’s shares closed last Monday at $29.90, close to its 52-week low of $29.58.

According to TipRanks.com, Daley is a 2-star analyst with an average return of 0.3% and a 50.0% success rate. Daley covers the Healthcare sector, focusing on stocks such as Quest Diagnostics, Stevanato Group, and Mettler-Toledo.

Currently, the analyst consensus on Avantor is a Strong Buy with an average price target of $40.63, implying a 37.1% upside from current levels. In a report issued on April 18, Evercore ISI also maintained a Buy rating on the stock with a $42.00 price target.

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Based on Avantor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.91 billion and net profit of $94 million. In comparison, last year the company earned revenue of $1.79 billion and had a net profit of $51.6 million.

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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. The company was founded by John Townsend Baker in 1904 and is headquartered in Radnor, PA.

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