Avantor (NYSE:AVTR) Reaches New 52-Week High – Time to Buy?

Avantor, Inc. (NYSE:AVTR) shares hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $16.45 and last traded at $16.2940, with a volume of 29,355,689 shares changing hands. The stock had previously closed at $16.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Avantor from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Wolfe Research upgraded shares of Avantor from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. Jefferies Financial Group raised Avantor from an “underperform” rating to a “hold” rating and set a $13.00 price target for the company in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Avantor from $9.00 to $14.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded Avantor from a “hold” rating to a “buy” rating in a research note on Sunday, October 11th. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.06.

Avantor Stock Up 1.3%

The company has a market cap of $11.02 billion, a PE ratio of -19.40, a P/E/G ratio of 9.34 and a beta of 0.94. The company has a quick ratio of 1.18, a current ratio of 1.78 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $14.90 and a 200-day moving average of $11.40.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Avantor had a positive return on equity of 9.92% and a negative net margin of 8.81%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts predict that Avantor, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Avantor

Large investors have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC bought a new position in Avantor in the third quarter worth about $313,000. Sivik Global Healthcare LLC purchased a new stake in Avantor in the third quarter worth about $2,634,000. NorthCrest Asset Manangement LLC lifted its holdings in Avantor by 59.7% in the third quarter. NorthCrest Asset Manangement LLC now owns 28,487 shares of the company’s stock worth $438,000 after buying an additional 10,644 shares during the period. GAMMA Investing LLC lifted its holdings in Avantor by 9.5% in the third quarter. GAMMA Investing LLC now owns 51,035 shares of the company’s stock worth $768,000 after buying an additional 4,443 shares during the period. Finally, Elevation Wealth Partners LLC boosted its position in Avantor by 72.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,803 shares of the company’s stock valued at $42,000 after acquiring an additional 1,176 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Avantor Company Profile

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.