Avantor (NYSE:AVTR) Stock Price Down 3% - Time to Sell?

Shares of Avantor, Inc. (NYSE:AVTR - Get Free Report) were down 3% during trading on Friday . The company traded as low as $21.70 and last traded at $21.89. Approximately 1,127,393 shares changed hands during trading, a decline of 72% from the average daily volume of 4,009,236 shares. The stock had previously closed at $22.57.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AVTR shares. Barclays cut 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. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price target on shares of Avantor in a report on Thursday, September 26th. Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, October 28th. Wells Fargo & Company cut 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, UBS Group reiterated a "neutral" rating and set a $25.00 price target (down from $29.00) on shares of Avantor in a report on Friday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.38.

Avantor Stock Down 1.9 %

The business has a 50-day simple moving average of $21.45 and a two-hundred day simple moving average of $23.35. The stock has a market capitalization of $15.07 billion, a P/E ratio of 48.13, a PEG ratio of 3.42 and a beta of 1.28. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.84.

Institutional Trading of Avantor

Large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its holdings in shares of Avantor by 2.1% during the third quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company's stock worth $644,000 after purchasing an additional 503 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of 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 purchasing an additional 514 shares during the last quarter. Veracity Capital LLC grew its holdings in shares of Avantor by 1.0% during the third quarter. Veracity Capital LLC now owns 52,359 shares of the company's stock worth $1,355,000 after purchasing an additional 543 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Avantor by 99.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after purchasing an additional 625 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Avantor by 6.2% during the third quarter. US Bancorp DE now owns 12,615 shares of the company's stock worth $326,000 after purchasing an additional 734 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors.

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.