Fintel reports that on September 29, 2023, Barclays maintained coverage of Avantor (NYSE:AVTR) with a Overweight recommendation.
Analyst Price Forecast Suggests 17.75% Upside
As of August 31, 2023, the average one-year price target for Avantor is 24.48. The forecasts range from a low of 19.19 to a high of $31.50. The average price target represents an increase of 17.75% from its latest reported closing price of 20.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Avantor is 7,629MM, an increase of 6.32%. The projected annual non-GAAP EPS is 1.45.
What is the Fund Sentiment?
There are 948 funds or institutions reporting positions in Avantor. This is a decrease of 56 owner(s) or 5.58% in the last quarter. Average portfolio weight of all funds dedicated to AVTR is 0.34%, an increase of 1.48%. Total shares owned by institutions decreased in the last three months by 0.43% to 710,964K shares. 
The put/call ratio of AVTR is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 72,673K shares representing 10.75% ownership of the company. In it's prior filing, the firm reported owning 76,066K shares, representing a decrease of 4.67%. The firm decreased its portfolio allocation in AVTR by 11.81% over the last quarter.
Price T Rowe Associates holds 25,610K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 30,073K shares, representing a decrease of 17.43%. The firm increased its portfolio allocation in AVTR by 73.76% over the last quarter.
PRWCX - T. Rowe Price Capital Appreciation Fund holds 24,558K shares representing 3.63% ownership of the company. In it's prior filing, the firm reported owning 27,058K shares, representing a decrease of 10.18%. The firm decreased its portfolio allocation in AVTR by 17.22% over the last quarter.
Boston Partners holds 23,128K shares representing 3.42% ownership of the company. In it's prior filing, the firm reported owning 16,391K shares, representing an increase of 29.13%. The firm increased its portfolio allocation in AVTR by 245.31% over the last quarter.
Canada Pension Plan Investment Board holds 23,041K shares representing 3.41% ownership of the company. In it's prior filing, the firm reported owning 24,368K shares, representing a decrease of 5.76%. The firm decreased its portfolio allocation in AVTR by 11.96% over the last quarter.
Avantor Background Information
(This description is provided by the company.)
Avantor®, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
