Analysts Set Avient Corporation (NYSE:AVNT) PT at $43.50

Avient Corporation (NYSE:AVNT) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.50.

A number of analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Avient in a research report on Monday, December 29th. Zacks Research raised shares of Avient from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, KeyCorp increased their price objective on Avient from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 9th.

Institutional Investors Weigh In On Avient

Large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in Avient during the third quarter valued at about $29,000. TD Private Client Wealth LLC raised its position in shares of Avient by 342.3% in the fourth quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock valued at $29,000 after purchasing an additional 729 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Avient by 54.2% in the third quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after purchasing an additional 340 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Avient during the 2nd quarter valued at approximately $37,000. Finally, Torren Management LLC bought a new position in Avient in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Avient Price Performance

Shares of NYSE AVNT opened at $38.82 on Thursday. The company has a market capitalization of $3.55 billion, a PE ratio of 31.56, a PEG ratio of 1.29 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 2.03 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $33.44 and its 200-day moving average price is $33.28. Avient has a twelve month low of $27.48 and a twelve month high of $44.78.

Avient (NYSE:AVNT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $806.50 million for the quarter, compared to analyst estimates of $823.57 million. Avient had a return on equity of 10.75% and a net margin of 3.49%.Avient’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. On average, equities analysts anticipate that Avient will post 2.85 EPS for the current year.

About Avient

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.