Fintel reports that on December 11, 2023, TD Cowen upgraded their outlook for Avantor (NYSE:AVTR) from Market Perform to Outperform .
Analyst Price Forecast Suggests 8.89% Upside
As of November 27, 2023, the average one-year price target for Avantor is 23.05. The forecasts range from a low of 18.18 to a high of $31.50. The average price target represents an increase of 8.89% from its latest reported closing price of 21.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Avantor is 7,629MM, an increase of 8.38%. The projected annual non-GAAP EPS is 1.45.
What is the Fund Sentiment?
There are 949 funds or institutions reporting positions in Avantor. This is an increase of 15 owner(s) or 1.61% in the last quarter. Average portfolio weight of all funds dedicated to AVTR is 0.36%, an increase of 8.30%. Total shares owned by institutions increased in the last three months by 6.11% to 752,576K shares. 
The put/call ratio of AVTR is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 72,153K shares representing 10.67% ownership of the company. In it's prior filing, the firm reported owning 72,673K shares, representing a decrease of 0.72%. The firm increased its portfolio allocation in AVTR by 5.74% over the last quarter.
Boston Partners holds 28,077K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 23,128K shares, representing an increase of 17.63%. The firm increased its portfolio allocation in AVTR by 27.36% over the last quarter.
Price T Rowe Associates holds 23,298K shares representing 3.44% ownership of the company. In it's prior filing, the firm reported owning 25,610K shares, representing a decrease of 9.92%. The firm decreased its portfolio allocation in AVTR by 1.81% over the last quarter.
PRWCX - T. Rowe Price Capital Appreciation Fund holds 22,962K shares representing 3.39% ownership of the company. In it's prior filing, the firm reported owning 24,558K shares, representing a decrease of 6.95%. The firm decreased its portfolio allocation in AVTR by 4.14% over the last quarter.
Canada Pension Plan Investment Board holds 22,304K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 23,041K shares, representing a decrease of 3.30%. The firm decreased its portfolio allocation in AVTR by 4.24% 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.
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