Avient Corporation (NYSE:AVNT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Avient Corporation (NYSE:AVNT) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.8333.

AVNT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Avient in a report on Monday, December 29th. KeyCorp lifted their price objective on shares of Avient from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer restated an “outperform” rating and set a $37.00 target price on shares of Avient in a research report on Thursday, November 6th. Finally, Zacks Research upgraded shares of Avient from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th.

Avient Trading Up 3.9%

Shares of AVNT stock opened at $34.28 on Friday. Avient has a 12-month low of $27.48 and a 12-month high of $44.78. The company has a market capitalization of $3.14 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44. The firm has a 50 day moving average price of $30.70 and a two-hundred day moving average price of $32.85. The company has a quick ratio of 1.47, a current ratio of 2.03 and a debt-to-equity ratio of 0.83.

Avient (NYSE:AVNT) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company 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%.The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. As a group, analysts predict that Avient will post 2.85 earnings per share for the current year.

Institutional Trading of Avient

Several large investors have recently modified their holdings of AVNT. Parkside Financial Bank & Trust raised its stake in 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 in the last quarter. ARK Investment Management LLC increased its holdings in Avient by 18.3% in the 2nd quarter. ARK Investment Management LLC now owns 2,286 shares of the company’s stock valued at $74,000 after buying an additional 354 shares during the period. Arizona State Retirement System raised its position in shares of Avient by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 27,085 shares of the company’s stock valued at $892,000 after buying an additional 372 shares in the last quarter. F m Investments LLC raised its position in shares of Avient by 0.4% in the 2nd quarter. F m Investments LLC now owns 93,028 shares of the company’s stock valued at $3,006,000 after buying an additional 413 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Avient by 39.1% during the 2nd quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock worth $53,000 after acquiring an additional 458 shares during the period. 95.48% of the stock is owned by institutional investors and hedge funds.

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.