Are Analysts Too Bullish On Avantor Inc. (AVTR)

Avantor Inc. (NYSE:AVTR) currently has a daily average trading volume of 7.70M but it saw 5485403 shares traded in last market. With a market cap of 16.13B USD, the company’s current market price of $23.72 came falling about -0.75 while comparing to the previous closing price of $23.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.00 and as low as $16.63. In the recent trading on the day, stock has struck highest price mark of $23.465 while lowest mark touched by it was $23.93.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which initiated the stock as “Overweight” in its note to investors issued on August 28, 2024, recommending a price target of $30 for it. Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 10, 2024 while assigning a price target range of $30-$23. Evercore ISI issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $19.50 and $26.

Over the week, AVTR’s stock price is moving -4.32% down while it is -10.66% when we observe its performance for the past one month. Year-to-date it is 3.90% up and over the past year, the stock is showing an upside performance of 15.37%.

Currently, Avantor Inc.’s total number of outstanding shares is 676.60M. Company’s return on investment (ROI) stands at 3.50% and return on equity (ROE) at 6.90%. It has a price to earnings ratio (P/E ratio) of 44.80 while having a 19.96 of forward P/E ratio. Stock’s beta reads 1.33. Stock has a price to book (P/B) ratio of 2.97 while price to sale or P/S ratio amounts to 2.36. Its return on asset (ROA) is 2.80% on average.