13 Cheap Mid-Cap Stocks to Add to Your Portfolio

Page 3 of 12

10. Avantor, Inc. (NYSE:AVTR)

Market Cap: $9.25 billion

Forward P/E: 13.12

Number of Hedge Fund Holders: 38

Avantor, Inc. (NYSE:AVTR) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. In a report released on June 9, Tycho Peterson from Jefferies maintained a Buy rating on Avantor, Inc. (NYSE:AVTR) with a price target of $20.00. The company’s fiscal Q1 2025 results reflected a continued focus on cost management amid concerns about the dynamic macroenvironment, along with disciplined execution.

Net income for the quarter reached $64.5 million, while adjusted EBITDA was  $269.5 million. Avantor, Inc. (NYSE:AVTR) also reported an expansion in its cost transformation initiative and anticipates $400 million in gross run-rate savings by the end of 2027.

Avantor, Inc. (NYSE:AVTR) is a life sciences tools company that provides mission-critical services and products to the advanced technology and life sciences industries. The company’s portfolio includes education and government, biopharma, healthcare, and applied materials and advanced technologies industries.

Page 3 of 12