Avantor, Inc. (NYSE:AVTR) Given Average Recommendation of “Moderate Buy” by Analysts

Avantor, Inc. (NYSE:AVTR) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $27.38.

A number of brokerages have commented on AVTR. Wells Fargo & Company reduced their price target on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Barclays cut their price target on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. UBS Group reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $29.00) on shares of Avantor in a report on Friday, January 17th. Raymond James reduced their price target on Avantor from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Robert W. Baird decreased their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, October 28th.

Avantor Price Performance

Shares of Avantor stock opened at $22.07 on Monday. The firm has a market capitalization of $15.02 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.84. Avantor has a 12 month low of $19.59 and a 12 month high of $28.00. The business’s 50-day moving average price is $21.50 and its 200-day moving average price is $23.41.

Hedge Funds Weigh In On Avantor

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its position in shares of Avantor by 2.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company’s stock worth $644,000 after acquiring an additional 503 shares in the last quarter. Intech Investment Management LLC raised its holdings in Avantor by 1.8% in the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock worth $616,000 after purchasing an additional 514 shares in the last quarter. Blue Trust Inc. raised its holdings in Avantor by 6.9% in the fourth quarter. Blue Trust Inc. now owns 8,069 shares of the company’s stock worth $170,000 after purchasing an additional 522 shares in the last quarter. Pacer Advisors Inc. lifted its position in Avantor by 0.5% during the fourth quarter. Pacer Advisors Inc. now owns 99,825 shares of the company’s stock valued at $2,103,000 after buying an additional 542 shares during the period. Finally, Veracity Capital LLC boosted its holdings in shares of Avantor by 1.0% during the 3rd quarter. Veracity Capital LLC now owns 52,359 shares of the company’s stock valued at $1,355,000 after buying an additional 543 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

About Avantor

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.