Is Avantor Inc. (NYSE: AVTR) Back In The Buying Zone?

Currently, there are 676.60M common shares owned by the public and among those 660.86M shares have been available to trade.

The company’s stock has a 5-day price change of -1.69% and 9.39% over the past three months. AVTR shares are trading 9.68% year to date (YTD), with the 12-month market performance up to 19.12% higher. It has a 12-month low price of $16.63 and touched a high of $26.11 over the same period. AVTR has an average intraday trading volume of 5.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.84%, 4.78%, and 15.97% respectively.

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Institutional ownership of Avantor Inc. (NYSE: AVTR) shares accounts for 94.51% of the company’s 676.60M shares outstanding.

It has a market capitalization of $16.98B and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 52.92, while the earnings-per-share (ttm) stands at $0.47. The company has a PEG of 5.81 and a Quick Ratio of 1.05 with the debt-to-equity ratio at 1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.20% over the week and 1.92% over the month.

Analysts forecast that Avantor Inc. (AVTR) will achieve an EPS of $0.2 for the current quarter, $0.24 for the next quarter and $1.24 for 2025. The lowest estimate earnings-per-share for the quarter is $0.19 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to decrease by -5.29%, and 23.29% over the next financial year.

Looking at the support for the AVTR, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on January 04, 2024, with the firm’s price target at $19.50-$26. TD Cowen coverage for the Avantor Inc. (AVTR) stock in a research note released on December 11, 2023 offered a Outperform rating with a price target of $28. Evercore ISI on their part issued In-line rating on July 31, 2023.

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