Avantor (NYSE:AVTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Avantor (NYSE:AVTR) from a hold rating to a buy rating in a report published on Sunday morning,Wall Street Zen reports.

AVTR has been the topic of a number of other research reports. Jefferies Financial Group raised Avantor from an “underperform” rating to a “hold” rating and set a $13.00 price objective on the stock in a research note on Wednesday, July 29th. Barclays upped their price objective on Avantor from $13.00 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $13.00 target price on shares of Avantor in a research note on Thursday, July 30th. Citigroup lifted their target price on Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada lifted their target price on Avantor from $9.00 to $14.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Avantor has a consensus rating of “Hold” and an average target price of $13.24.

Avantor Stock Up 0.6%

Avantor stock opened at $15.59 on Friday. Avantor has a 52 week low of $7.26 and a 52 week high of $16.38. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 8.81 and a beta of 0.94. The company’s 50-day moving average price is $14.74 and its two-hundred day moving average price is $11.25. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.65.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.61 billion. Avantor had a negative net margin of 8.81% and a positive return on equity of 9.92%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts expect that Avantor will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Avantor

Several large investors have recently modified their holdings of AVTR. BlackRock Inc. bought a new position in Avantor during the second quarter valued at about $695,784,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Avantor in the second quarter worth about $195,386,000. Bank of America Corp DE bought a new stake in shares of Avantor during the 2nd quarter worth about $108,795,000. Engine Capital Management LP boosted its stake in shares of Avantor by 65.8% during the 1st quarter. Engine Capital Management LP now owns 19,780,830 shares of the company’s stock worth $155,082,000 after acquiring an additional 7,853,018 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Avantor during the 2nd quarter worth about $56,577,000. 95.08% of the stock is owned by institutional investors.

About Avantor

Avantor, Inc is a global provider of products, services and solutions used in the life sciences and advanced technology industries. The company supplies materials and equipment that support research, drug discovery and development, biopharmaceutical manufacturing, clinical and diagnostic activities, and other laboratory applications.

Its offerings include laboratory chemicals and reagents, consumables, single-use manufacturing technologies, bioprocessing products, equipment, and related services.