Avantor, Inc. (NYSE:AVTR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $27.69.

A number of research firms have recently commented on AVTR. Robert W. Baird dropped their price objective on shares of Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, October 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price objective on shares of Avantor in a research note on Thursday, September 26th. UBS Group decreased 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. Wells Fargo & Company decreased 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. Finally, Barclays decreased their price target on Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, October 25th.

Institutional Investors Weigh In On Avantor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in Avantor by 2.1% in the third 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 period. Intech Investment Management LLC increased its position 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 buying an additional 514 shares during the period. Arizona State Retirement System increased its position in Avantor by 0.3% in the second quarter. Arizona State Retirement System now owns 186,567 shares of the company's stock worth $3,955,000 after buying an additional 528 shares during the period. Veracity Capital LLC increased its position in Avantor by 1.0% in the third quarter. Veracity Capital LLC now owns 52,359 shares of the company's stock worth $1,355,000 after buying an additional 543 shares during the period. Finally, US Bancorp DE increased its position in Avantor by 6.2% in the third quarter. US Bancorp DE now owns 12,615 shares of the company's stock worth $326,000 after buying an additional 734 shares during the period. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Price Performance

AVTR stock traded up $0.12 during trading on Thursday, hitting $21.48. The stock had a trading volume of 2,061,091 shares, compared to its average volume of 6,409,253. The company's 50 day moving average price is $21.93 and its two-hundred day moving average price is $23.38. Avantor has a 1-year low of $19.59 and a 1-year high of $28.00. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 46.70, a price-to-earnings-growth ratio of 2.75 and a beta of 1.29. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.54.

Avantor Company Profile

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.