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NYSE:AVNT

Avient (AVNT) Stock Price, News & Analysis

$43.35
+0.39 (+0.91%)
(As of 11:06 AM ET)
Today's Range
$42.96
$43.48
50-Day Range
$35.80
$42.98
52-Week Range
$27.73
$43.48
Volume
22,578 shs
Average Volume
430,890 shs
Market Capitalization
$3.95 billion
P/E Ratio
52.23
Dividend Yield
2.38%
Price Target
$38.50

Avient MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.4% Downside
$38.50 Price Target
Short Interest
Healthy
1.31% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.95
Upright™ Environmental Score
News Sentiment
0.87mentions of Avient in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.79%
From $2.53 to $2.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.77 out of 5 stars

Basic Materials Sector

50th out of 171 stocks

Plastics Materials & Resins Industry

7th out of 11 stocks

AVNT stock logo

About Avient Stock (NYSE:AVNT)

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks. Its products are used in medical and pharmaceutical devices, food packaging, personal care and cosmetics, transportation, building products, wire and cable, recreational and athletic apparel, construction and filtration, outdoor furniture, healthcare, textiles and appliances, and industrial markets. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. It sells its products through direct sales personnel, distributors, and commissioned sales agents. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. Avient Corporation was founded in 1885 and is headquartered in Avon Lake, Ohio.

AVNT Stock Price History

AVNT Stock News Headlines

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Avient Announces Fourth Quarter and Full Year 2023 Results
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See More Headlines
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Company Calendar

Ex-Dividend for 1/5 Dividend
12/14/2023
Dividend Payable
1/05/2024
Last Earnings
2/14/2024
Ex-Dividend for 4/5 Dividend
3/18/2024
Today
3/27/2024
Dividend Payable
4/05/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
N/A
Employees
9,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$38.50
High Stock Price Target
$40.00
Low Stock Price Target
$37.00
Potential Upside/Downside
-10.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$75.70 million
Pretax Margin
2.78%

Debt

Sales & Book Value

Annual Sales
$3.14 billion
Cash Flow
$4.56 per share
Book Value
$25.65 per share

Miscellaneous

Free Float
89,465,000
Market Cap
$3.92 billion
Optionable
Optionable
Beta
1.52
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AVNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avient stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avient in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AVNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVNT, but not buy additional shares or sell existing shares.
View AVNT analyst ratings
or view top-rated stocks.

What is Avient's stock price target for 2024?

2 Wall Street research analysts have issued twelve-month target prices for Avient's shares. Their AVNT share price targets range from $37.00 to $40.00. On average, they expect the company's share price to reach $38.50 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
View analysts price targets for AVNT
or view top-rated stocks among Wall Street analysts.

How have AVNT shares performed in 2024?

Avient's stock was trading at $41.57 at the beginning of the year. Since then, AVNT shares have increased by 3.4% and is now trading at $42.98.
View the best growth stocks for 2024 here
.

Are investors shorting Avient?

Avient saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,170,000 shares, an increase of 17.0% from the February 29th total of 999,900 shares. Based on an average trading volume of 448,900 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.3% of the shares of the company are sold short.
View Avient's Short Interest
.

When is Avient's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our AVNT earnings forecast
.

How were Avient's earnings last quarter?

Avient Co. (NYSE:AVNT) released its quarterly earnings results on Wednesday, February, 14th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business earned $719 million during the quarter, compared to the consensus estimate 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 was down 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS.

How often does Avient pay dividends? What is the dividend yield for Avient?

Avient declared 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 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, March 18th.
Read our dividend analysis for AVNT
.

Is Avient a good dividend stock?

Avient (NYSE:AVNT) pays an annual dividend of $1.03 per share and currently has a dividend yield of 2.49%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. 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.

What guidance has Avient issued on next quarter's earnings?

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 EPS estimate of 0.590. The company issued revenue guidance of -.

What other stocks do shareholders of Avient own?

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).

Who are Avient's major shareholders?

Avient's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.37%), Vanguard Group Inc. (11.37%), Allspring Global Investments Holdings LLC (4.49%), Franklin Resources Inc. (4.09%), Dimensional Fund Advisors LP (3.77%) and Channing Capital Management LLC (2.30%). Insiders that own company stock include Cathy Dodd, Joel R Rathbun, Lisa K Kunkle, Michael A Garratt and Robert M Patterson.
View institutional ownership trends
.

How do I buy shares of Avient?

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.
Compare Top Brokerages Here.

This page (NYSE:AVNT) was last updated on 3/28/2024 by MarketBeat.com Staff

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