Avantor, Inc. (NYSE:AVTR) Receives $27.69 Average Price Target from Analysts

Shares of Avantor, Inc. (NYSE:AVTR) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.69.

AVTR has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a research note on Thursday, September 26th. UBS Group reduced their target price on shares of Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Barclays dropped their price target on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird reduced their price objective on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, October 28th.

Hedge Funds Weigh In On Avantor

Several hedge funds and other institutional investors have recently bought and sold shares of AVTR. Hantz Financial Services Inc. raised its stake in shares of Avantor by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company’s stock worth $644,000 after buying an additional 503 shares during the last quarter. Intech Investment Management LLC raised its position in Avantor by 1.8% during the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock worth $616,000 after acquiring an additional 514 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Avantor by 0.3% in the second quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock valued at $3,955,000 after purchasing an additional 528 shares in the last quarter. Veracity Capital LLC grew its position in shares of Avantor by 1.0% in the third quarter. Veracity Capital LLC now owns 52,359 shares of the company’s stock valued at $1,355,000 after purchasing an additional 543 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Avantor by 6.2% during the 3rd quarter. US Bancorp DE now owns 12,615 shares of the company’s stock worth $326,000 after purchasing an additional 734 shares in the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Stock Down 0.0 %

AVTR opened at $21.07 on Thursday. Avantor has a 52 week low of $19.59 and a 52 week high of $28.00. The business has a 50 day moving average price of $21.63 and a two-hundred day moving average price of $23.34. 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 company has a market cap of $14.34 billion, a PE ratio of 45.80, a P/E/G ratio of 2.75 and a beta of 1.29.

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.