Fintel reports that on May 1, 2023, Morgan Stanley maintained coverage of Avantor (NYSE:AVTR) with a Overweight recommendation.
Analyst Price Forecast Suggests 36.07% Upside
As of April 24, 2023, the average one-year price target for Avantor is 27.54. The forecasts range from a low of 20.20 to a high of $31.50. The average price target represents an increase of 36.07% from its latest reported closing price of 20.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Avantor is 7,629MM, an increase of 3.90%. The projected annual non-GAAP EPS is 1.45.
What is the Fund Sentiment?
There are 947 funds or institutions reporting positions in Avantor. This is a decrease of 47 owner(s) or 4.73% in the last quarter. Average portfolio weight of all funds dedicated to AVTR is 0.31%, a decrease of 1.60%. Total shares owned by institutions decreased in the last three months by 4.03% to 686,539K shares. 
The put/call ratio of AVTR is 0.53, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 76,326K shares representing 11.31% ownership of the company. In it's prior filing, the firm reported owning 57,614K shares, representing an increase of 24.52%. The firm increased its portfolio allocation in AVTR by 36.91% over the last quarter.
Price T Rowe Associates holds 38,913K shares representing 5.76% ownership of the company. In it's prior filing, the firm reported owning 42,406K shares, representing a decrease of 8.98%. The firm decreased its portfolio allocation in AVTR by 3.05% over the last quarter.
PRWCX - T. Rowe Price Capital Appreciation Fund holds 25,321K shares representing 3.75% ownership of the company. In it's prior filing, the firm reported owning 15,535K shares, representing an increase of 38.65%. The firm increased its portfolio allocation in AVTR by 71.03% over the last quarter.
Canada Pension Plan Investment Board holds 24,557K shares representing 3.64% ownership of the company. In it's prior filing, the firm reported owning 24,259K shares, representing an increase of 1.21%. The firm increased its portfolio allocation in AVTR by 13.61% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,471K shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 18,067K shares, representing an increase of 7.21%. The firm increased its portfolio allocation in AVTR by 7.09% 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.
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.
