Avantor Inc (NYSE:AVTR) Receives $20.57 Consensus Target Price from Analysts

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.

Avantor (NYSE:AVTR) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, analysts predict that Avantor will post 0.55 EPS for the current year.

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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Analyst Recommendations for Avantor (NYSE:AVTR)

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