Avient (NYSE:AVNT) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of Avient (NYSE:AVNT) in a research note released on Wednesday, Marketbeat reports. The brokerage issued an overweight rating and a $48.00 price target on the stock.

Separately, Robert W. Baird decreased their price objective on Avient from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Avient presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

Avient Trading Up 0.5%

NYSE AVNT opened at $35.95 on Wednesday. The firm has a market cap of $3.29 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.50. The stock’s 50-day moving average is $35.08 and its 200-day moving average is $35.45. Avient has a one year low of $27.86 and a one year high of $54.68.

Avient (NYSE:AVNT) last released its quarterly earnings results on Friday, August 1st. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $866.50 million for the quarter, compared to analyst estimates of $852.98 million. Avient had a return on equity of 10.57% and a net margin of 3.65%.Avient’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. Sell-side analysts anticipate that Avient will post 2.85 earnings per share for the current fiscal year.

Avient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 12th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, September 12th. Avient’s dividend payout ratio (DPR) is currently 84.38%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in Avient by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 969,159 shares of the company’s stock valued at $36,014,000 after purchasing an additional 15,737 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Avient in the first quarter valued at approximately $230,000. Blue Trust Inc. grew its stake in Avient by 20.1% in the first quarter. Blue Trust Inc. now owns 2,645 shares of the company’s stock valued at $98,000 after purchasing an additional 443 shares in the last quarter. Nuveen LLC bought a new position in Avient in the first quarter valued at approximately $50,471,000. Finally, GAMMA Investing LLC grew its stake in Avient by 57.5% in the first quarter. GAMMA Investing LLC now owns 1,422 shares of the company’s stock valued at $53,000 after purchasing an additional 519 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors.

Avient Company Profile

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.