Avient (AVNT) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avient in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVNT shares.
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4 Wall Street analysts have issued 12-month price objectives for Avient's shares. Their AVNT share price targets range from $37.00 to $50.00. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
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Avient's stock was trading at $41.57 at the beginning of the year. Since then, AVNT shares have increased by 2.0% and is now trading at $42.40.
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Avient saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,050,000 shares, a decline of 10.3% from the March 15th total of 1,170,000 shares. Based on an average daily volume of 422,200 shares, the short-interest ratio is presently 2.5 days. Approximately 1.2% of the company's stock are short sold.
View Avient's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our AVNT earnings forecast.

Avient will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Avient Co. (NYSE:AVNT) announced its quarterly earnings results on Wednesday, February, 14th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm earned $719 million during the quarter, compared to analyst estimates of $711.87 million. Avient had a net margin of 2.41% and a trailing twelve-month return on equity of 9.26%. The firm's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share.

Avient announced a quarterly dividend on Monday, February 12th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.257 per share on Friday, April 5th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, March 18th.
Read our dividend analysis for AVNT.

Avient (NYSE:AVNT) pays an annual dividend of $1.03 per share and currently has a dividend yield of 2.44%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 124.10%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVNT will have a dividend payout ratio of 34.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVNT.

ETFs with the largest weight of Avient (NYSE:AVNT) stock in their portfolio include American Century Mid Cap Growth Impact (MID), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Nuveen Small Cap Select ETF (NSCS), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV), WisdomTree U.S. SmallCap Dividend Fund (DES) and iShares Russell 2000 Value ETF (IWN).

Avient updated its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of 0.680-0.680 for the period, compared to the consensus earnings per share estimate of 0.590. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avient investors own include Advanced Micro Devices (AMD), Boeing (BA), eHealth (EHTH), GrowGeneration (GRWG), Itron (ITRI), Nikola (NKLA), Sorrento Therapeutics (SRNE), Alaska Air Group (ALK), AAR (AIR) and Airbus (AIR).

Avient's stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (4.52%), State of Michigan Retirement System (0.02%) and NBC Securities Inc. (0.00%). Insiders that own company stock include Cathy Dodd, Joel R Rathbun, Lisa K Kunkle, Michael A Garratt and Robert M Patterson.
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Shares of AVNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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