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

Avantor, Inc. (NYSE:AVTR) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.69.

A number of equities research analysts recently weighed in on AVTR shares. Barclays decreased their price objective on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company lowered their price target on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price objective on shares of Avantor in a report on Thursday, September 26th. UBS Group lowered their target price on Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Finally, Robert W. Baird cut 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

AVTR opened at $21.36 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $22.00 and a 200 day moving average of $23.40. Avantor has a 52-week low of $19.59 and a 52-week high of $28.00. The stock has a market cap of $14.54 billion, a P/E ratio of 46.43, a PEG ratio of 2.75 and a beta of 1.29.

Institutional Investors Weigh In On Avantor

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of Avantor by 34.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company’s stock worth $8,972,000 after purchasing an additional 88,205 shares in the last quarter. Sound Shore Management Inc. CT acquired a new stake in Avantor in the second quarter worth about $76,412,000. Seven Eight Capital LP purchased a new stake in shares of Avantor during the second quarter worth about $642,000. New York State Teachers Retirement System acquired a new position in shares of Avantor during the third quarter valued at about $8,473,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Avantor by 35.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,157,855 shares of the company’s stock valued at $24,547,000 after purchasing an additional 300,579 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

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.