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Fintel reports that on July 31, 2023, Raymond James maintained coverage of Avantor (NYSE:AVTR) with a Outperform recommendation.

Analyst Price Forecast Suggests 20.34% Upside

As of July 6, 2023, the average one-year price target for Avantor is 25.61. The forecasts range from a low of 19.19 to a high of $31.50. The average price target represents an increase of 20.34% from its latest reported closing price of 21.28.

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 1004 funds or institutions reporting positions in Avantor. This is an increase of 56 owner(s) or 5.91% in the last quarter. Average portfolio weight of all funds dedicated to AVTR is 0.33%, an increase of 7.87%. Total shares owned by institutions increased in the last three months by 4.27% to 715,965K shares.

The put/call ratio of AVTR is 1.38, indicating a bearish outlook.

What are Other Shareholders Doing?

T. Rowe Price Investment Management holds 76,066K shares representing 11.27% ownership of the company. In it's prior filing, the firm reported owning 76,326K shares, representing a decrease of 0.34%. The firm decreased its portfolio allocation in AVTR by 6.66% over the last quarter.

Price T Rowe Associates holds 30,073K shares representing 4.45% ownership of the company. In it's prior filing, the firm reported owning 38,913K shares, representing a decrease of 29.40%. The firm decreased its portfolio allocation in AVTR by 27.91% over the last quarter.

PRWCX - T. Rowe Price Capital Appreciation Fund holds 27,058K shares representing 4.01% ownership of the company. In it's prior filing, the firm reported owning 25,321K shares, representing an increase of 6.42%. The firm increased its portfolio allocation in AVTR by 0.60% over the last quarter.

Canada Pension Plan Investment Board holds 24,368K shares representing 3.61% ownership of the company. In it's prior filing, the firm reported owning 24,557K shares, representing a decrease of 0.77%. The firm decreased its portfolio allocation in AVTR by 11.13% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,825K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 19,471K shares, representing an increase of 1.78%. The firm decreased its portfolio allocation in AVTR by 5.76% 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.

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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.