Now Is A Suitable Moment For A Long-Term Purchase Of Avantor Inc (NYSE: AVTR)

Currently, there are 676.60M common shares owned by the public and among those 663.36M shares have been available to trade.

The company’s stock has a 5-day price change of -0.40% and -10.34% over the past three months. AVTR shares are trading -1.23% year to date (YTD), with the 12-month market performance up to 23.90% higher. It has a 12-month low price of $17.46 and touched a high of $28.00 over the same period. AVTR has an average intraday trading volume of 5.01 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 -5.19%, -10.27%, and -7.12% respectively.

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Institutional ownership of Avantor Inc (NYSE: AVTR) shares accounts for 94.88% of the company’s 676.60M shares outstanding.

It has a market capitalization of $15.31B and a beta (3y monthly) value of 1.32. The stock’s trailing 12-month PE ratio is 49.63, while the earnings-per-share (ttm) stands at $0.45. The company has a PEG of 5.51 and a Quick Ratio of 1.06 with the debt-to-equity ratio at 0.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.96% over the week and 2.34% over the month.

Earnings per share for the fiscal year are expected to decrease by -7.01%, and 14.43% over the next financial year.

Looking at the support for the AVTR, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on August 28, 2024, with the firm’s price target at $30. Citigroup coverage for the Avantor Inc (AVTR) stock in a research note released on July 10, 2024 offered a Neutral rating with a price target of $23. Evercore ISI was of a view on January 04, 2024 that the stock is Outperform, while TD Cowen gave the stock Outperform rating on December 11, 2023, issuing a price target of $21- $28. Bernstein on their part issued Mkt Perform rating on September 28, 2023.

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