Avient (NYSE:AVNT) Raised to “Hold” at Barclays

Avient (NYSE:AVNT) was upgraded by Barclays to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other equities research analysts also recently weighed in on AVNT. Zacks Research raised shares of Avient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Truist Financial lifted their target price on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Avient from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings raised shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $54.00 price target on shares of Avient in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Avient has a consensus rating of “Moderate Buy” and an average price target of $46.38.

Avient Stock Performance

NYSE:AVNT opened at $38.79 on Monday. The business’s 50-day moving average price is $42.45 and its two-hundred day moving average price is $38.51. Avient has a twelve month low of $27.48 and a twelve month high of $46.64. The stock has a market cap of $3.56 billion, a P/E ratio of 20.97, a PEG ratio of 1.14 and a beta of 1.28. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77.

Avient (NYSE:AVNT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%. The firm had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. As a group, equities analysts predict that Avient will post 3.20 EPS for the current fiscal year.

Institutional Investors Weigh In On Avient

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of Avient in the 2nd quarter worth about $4,612,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Avient during the 2nd quarter valued at about $905,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Avient during the 2nd quarter valued at about $2,597,000. Renaissance Technologies LLC purchased a new position in shares of Avient during the 1st quarter valued at about $1,803,000. Finally, Man Group plc purchased a new position in shares of Avient during the 2nd quarter valued at about $1,223,000. Institutional investors own 95.48% of the company’s stock.

Avient Company Profile

Avient Corporation (NYSE: AVNT) is a global materials company that develops and manufactures specialized polymer products and solutions. Its portfolio includes engineered materials, specialty formulations, colorants, additives, inks, and other technologies designed to improve the performance, appearance, sustainability, and processing of plastics and other materials.

The company serves customers across a range of industries, including packaging, transportation, healthcare, consumer products, electronics, building and construction, and energy.