Avantor (NYSE:AVTR) had its price target trimmed by Raymond James from $20.00 to $19.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently commented on AVTR. Zacks Investment Research upgraded Avantor from a sell rating to a hold rating in a report on Monday, November 11th. Citigroup initiated coverage on Avantor in a report on Tuesday, January 7th. They issued a buy rating and a $21.00 price objective for the company. Wells Fargo & Co initiated coverage on Avantor in a report on Tuesday, January 7th. They issued an overweight rating and a $22.00 price objective for the company. Stifel Nicolaus initiated coverage on Avantor in a report on Thursday, November 14th. They issued a hold rating for the company. Finally, Piper Jaffray Companies decreased their price objective on Avantor from $17.00 to $15.00 and set a neutral rating for the company in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Avantor presently has a consensus rating of Buy and a consensus price target of $20.71.

Shares of Avantor stock traded up $0.10 during midday trading on Monday, reaching $17.77. 30,780 shares of the company’s stock traded hands, compared to its average volume of 3,411,132. The company has a market cap of $10.10 billion and a PE ratio of 30.51. The stock has a 50 day moving average of $18.42 and a 200-day moving average of $16.69. Avantor has a 12 month low of $13.33 and a 12 month high of $19.58.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, February 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. The business’s revenue was up 3.4% compared to the same quarter last year. Research analysts anticipate that Avantor will post 0.77 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of AVTR. Dynamic Technology Lab Private Ltd grew its stake in shares of Avantor by 2.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,028 shares of the company’s stock worth $472,000 after acquiring an additional 703 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Avantor by 31.6% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 16,576 shares of the company’s stock worth $301,000 after acquiring an additional 3,980 shares during the last quarter. Islay Capital Management LLC purchased a new stake in shares of Avantor in the fourth quarter worth $92,000. Russell Investments Group Ltd. grew its stake in shares of Avantor by 3,328.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,348 shares of the company’s stock worth $96,000 after acquiring an additional 5,192 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Avantor by 40.3% in the fourth quarter. Sei Investments Co. now owns 20,102 shares of the company’s stock worth $360,000 after acquiring an additional 5,772 shares during the last quarter. Institutional investors and hedge funds own 78.08% 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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