Avantor, Inc. (NYSE:AVTR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Avantor, Inc. (NYSE:AVTR) have earned an average rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.60.

Several brokerages have recently issued reports on AVTR. Bank of America cut Avantor from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Monday, December 15th. Barclays restated an “equal weight” rating and set a $12.00 price target (down previously from $15.00) on shares of Avantor in a report on Thursday, October 30th. Robert W. Baird lifted their price objective on Avantor from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Raymond James Financial downgraded Avantor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, UBS Group set a $12.00 target price on shares of Avantor in a report on Thursday, October 30th.

Insider Activity

In other news, Director Sanjeev K. Mehra bought 350,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of $11.09 per share, for a total transaction of $3,881,500.00. Following the completion of the purchase, the director owned 350,000 shares in the company, valued at approximately $3,881,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in Avantor by 119.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after purchasing an additional 1,189 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in shares of Avantor during the 2nd quarter worth approximately $32,000. FNY Investment Advisers LLC purchased a new stake in shares of Avantor during the 2nd quarter worth approximately $36,000. Private Trust Co. NA boosted its holdings in shares of Avantor by 46.2% in the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock valued at $32,000 after buying an additional 875 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares during the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Price Performance

Shares of AVTR opened at $10.84 on Friday. The company has a market cap of $7.39 billion, a P/E ratio of -83.41, a PEG ratio of 3.84 and a beta of 0.94. Avantor has a fifty-two week low of $10.62 and a fifty-two week high of $22.44. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average price is $11.55 and its 200 day moving average price is $12.38.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.