Avient Corporation (NYSE:AVNT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Avient Corporation (NYSE:AVNT) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $42.8333.

Several equities research analysts have recently weighed in on AVNT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research note on Monday, December 29th. Zacks Research upgraded Avient from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. KeyCorp lifted their price objective on shares of Avient from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Finally, Oppenheimer restated an “outperform” rating and set a $37.00 price objective on shares of Avient in a research report on Thursday, November 6th.

Hedge Funds Weigh In On Avient

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Avient by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,753,848 shares of the company’s stock valued at $156,637,000 after buying an additional 62,926 shares during the period. Geode Capital Management LLC raised its position in Avient by 0.9% in the second quarter. Geode Capital Management LLC now owns 2,252,855 shares of the company’s stock worth $72,797,000 after acquiring an additional 19,813 shares in the last quarter. Channing Capital Management LLC lifted its holdings in Avient by 19.1% in the third quarter. Channing Capital Management LLC now owns 2,095,821 shares of the company’s stock valued at $69,057,000 after acquiring an additional 335,670 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Avient by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,729,925 shares of the company’s stock worth $57,001,000 after purchasing an additional 376,667 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Avient by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,591,723 shares of the company’s stock worth $52,447,000 after purchasing an additional 121,272 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Stock Performance

AVNT traded down $0.30 during trading on Friday, hitting $35.70. 1,151,520 shares of the stock were exchanged, compared to its average volume of 672,607. The company has a quick ratio of 1.47, a current ratio of 2.03 and a debt-to-equity ratio of 0.83. Avient has a 1-year low of $27.48 and a 1-year high of $44.78. The stock has a fifty day moving average price of $31.13 and a two-hundred day moving average price of $32.93. The firm has a market capitalization of $3.27 billion, a P/E ratio of 29.02, a PEG ratio of 1.19 and a beta of 1.44.

Avient (NYSE:AVNT) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Avient had a net margin of 3.49% and a return on equity of 10.75%. The business had revenue of $806.50 million for the quarter, compared to analyst estimates of $823.57 million. During the same period last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. As a group, sell-side analysts predict that Avient will post 2.85 earnings per share for the current year.

Avient Company Profile

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.