Avantor Inc (NYSE:AVTR) Receives Consensus Rating of “Buy” from Analysts

Shares of Avantor Inc (NYSE:AVTR) have been assigned a consensus recommendation of “Buy” from the twenty-two analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.81.

Several equities research analysts recently weighed in on AVTR shares. Barclays reaffirmed a “buy” rating and set a $22.00 price objective on shares of Avantor in a research report on Thursday, July 18th. Cleveland Research started coverage on shares of Avantor in a research report on Friday, August 2nd. They set a “neutral” rating for the company. Janney Montgomery Scott reaffirmed a “buy” rating and set a $18.70 price objective (down previously from $27.00) on shares of Avantor in a research report on Wednesday, June 26th. Finally, Zacks Investment Research cut shares of Avantor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 16th.

Shares of AVTR stock traded down $0.21 on Monday, hitting $14.12. The company’s stock had a trading volume of 1,673,200 shares, compared to its average volume of 3,064,402. The business has a 50 day simple moving average of $15.04. Avantor has a fifty-two week low of $13.33 and a fifty-two week high of $19.58.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Avantor will post 0.57 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New Mountain Vantage Advisers L.L.C. acquired a new stake in Avantor during the 2nd quarter valued at approximately $2,006,526,000. Vanguard Group Inc. acquired a new stake in Avantor during the 2nd quarter valued at approximately $374,354,000. Nuveen Asset Management LLC acquired a new stake in Avantor during the 2nd quarter valued at approximately $313,611,000. Viking Global Investors LP acquired a new stake in Avantor during the 2nd quarter valued at approximately $216,589,000. Finally, Senator Investment Group LP acquired a new stake in Avantor during the 2nd quarter valued at approximately $195,672,000. Institutional investors and hedge funds own 73.48% of the company’s stock.

About Avantor

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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