William Blair analyst Matt Larew has maintained their neutral stance on AVTR stock, giving a Hold rating on July 24.
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Matt Larew has given his Hold rating due to a combination of factors impacting Avantor’s performance. The company’s second-quarter results were mixed, with revenue slightly surpassing expectations, yet organic growth aligning closely with projections. However, the full-year guidance was revised downward, indicating potential challenges ahead.
Despite a return to growth in the Bioscience Production segment, which is a positive sign, the Laboratory Solutions segment continued to show weakness with declining sales for the third consecutive quarter. Additionally, the adjusted EBITDA and EPS figures fell short of both internal and consensus estimates, contributing to a cautious outlook. These elements collectively underpin the Hold rating, reflecting a balanced view of the company’s current position and future prospects.
In another report released on July 24, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AVTR in relation to earlier this year.