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

Avantor, Inc. (NYSE:AVTR) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.38.

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

Avantor Stock Up 0.9 %

Shares of AVTR opened at $22.07 on Monday. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 3.53 and a beta of 1.28. Avantor has a 52 week low of $19.59 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.54. The stock has a fifty day moving average of $21.47 and a 200-day moving average of $23.38.

Institutional Investors Weigh In On Avantor

Several large investors have recently added to or reduced their stakes in AVTR. Public Employees Retirement System of Ohio boosted its stake in Avantor by 34.1% in the third quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company’s stock valued at $8,972,000 after acquiring an additional 88,205 shares during the last quarter. Perpetual Ltd lifted its stake in Avantor by 38.7% in the fourth quarter. Perpetual Ltd now owns 1,766,882 shares of the company’s stock valued at $37,228,000 after purchasing an additional 493,408 shares during the last quarter. Seven Eight Capital LP bought a new position in Avantor during the second quarter valued at $642,000. New York State Teachers Retirement System bought a new position in Avantor during the third quarter valued at $8,473,000. Finally, Everence Capital Management Inc. purchased a new stake in Avantor in the fourth quarter worth $555,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

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.