Shares of Avantor Inc (NYSE:AVTR) have been assigned an average rating of “Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $20.57.
Several research firms have recently commented on AVTR. Piper Jaffray Companies reduced their price target on shares of Avantor from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus assumed coverage on shares of Avantor in a research note on Thursday, November 14th. They set a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of Avantor from a “sell” rating to a “hold” rating in a report on Monday, November 11th.
Shares of AVTR stock traded up $0.61 on Tuesday, hitting $18.21. The stock had a trading volume of 4,760,132 shares, compared to its average volume of 3,996,792. Avantor has a one year low of $13.33 and a one year high of $19.58. The business has a 50 day moving average price of $15.55.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Artal Group S.A. purchased a new stake in Avantor during the second quarter valued at approximately $133,630,000. Senator Investment Group LP acquired a new position in shares of Avantor during the second quarter worth $195,672,000. BlueMountain Capital Management LLC purchased a new stake in shares of Avantor during the 2nd quarter valued at $6,682,000. Morgan Stanley purchased a new stake in shares of Avantor during the 2nd quarter valued at $12,804,000. Finally, Egerton Capital UK LLP purchased a new stake in shares of Avantor during the 2nd quarter valued at $83,756,000. Hedge funds and other institutional investors own 77.94% of the company’s stock.
Avantor Company Profile
Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.
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