TD Cowen analyst Daniel Brennan maintains $Avantor (AVTR.US)$ with a buy rating, and adjusts the target price from $31 to $28.
According to TipRanks data, the analyst has a success rate of 51.2% and a total average return of 12.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Avantor (AVTR.US)$'s main analysts recently are as follows:
The firm expressed satisfaction with the robust generation of free cash flow in the quarter and the gradual rise in bioprocessing and equipment & instrumentation revenue, which surpassed projections for the quarter. Although management has not offered projections for 2025, a slow and steady enhancement throughout the fiscal year is anticipated by the analysts.
A softer performance in the semiconductor sector is overshadowing what is otherwise considered a 'solid' revenue figure, while the focus remains on the EBITDA margin shortfall, stirring questions about the company's capacity to achieve a 20% EBITDA margin by the year 2025. It is believed that the company is on track to approach this target, yet accomplishing it may necessitate a favorable product mix and additional cost reductions. Expectations for growth have been moderated to 3% in light of the semiconductor sector's influence and the margin outlook for 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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