Avantor Analysts Increase Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Avantor, Inc. (NYSE:AVTR) reported better-than-expected Q2 earnings, posting adjusted earnings of 25 cents per share against market estimates of 23 cents per share. The company also reported sales of $1.703 billion, in line with estimates. Following the earnings report, analysts from Baird and Stifel raised their price targets for Avantor. The stock gained 12.2% to close at $25.60 on Friday.
July 29, 2024 | 1:11 pm
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Avantor reported better-than-expected Q2 earnings, with adjusted earnings of 25 cents per share, beating estimates of 23 cents per share. Sales were in line with estimates at $1.703 billion. Analysts from Baird and Stifel raised their price targets following the announcement. The stock gained 12.2% to close at $25.60.
Avantor's better-than-expected earnings and positive analyst revisions are likely to boost investor confidence in the short term. The stock's significant gain of 12.2% reflects this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100