Avient (NYSE:AVNT) Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Avient to “strong buy” from “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $46.71.
• Avient reported quarterly EPS of $0.96, beating estimates of $0.89, while revenue reached $917 million and increased 5.8% year over year.
• Shares opened at $40.35, down 1.1%, compared with a 52-week range of $27.48 to $46.64; institutional investors own approximately 95.5% of the stock.

Avient (NYSE:AVNT - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday, Zacks reports.

A number of other analysts also recently issued reports on the stock. UBS Group set a $44.00 price objective on shares of Avient in a report on Monday, June 8th. Seaport Research Partners reissued a "buy" rating and set a $54.00 target price on shares of Avient in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Avient from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Wells Fargo & Company lifted their price target on shares of Avient from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Avient from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.71.

Avient Stock Down 1.1%

AVNT stock opened at $40.35 on Tuesday. The stock has a market cap of $3.70 billion, a P/E ratio of 21.81, a P/E/G ratio of 1.18 and a beta of 1.29. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The stock's fifty day simple moving average is $41.81 and its two-hundred day simple moving average is $38.07. Avient has a 1-year low of $27.48 and a 1-year high of $46.64.

Avient (NYSE:AVNT - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. The firm had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.The business's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Analysts expect that Avient will post 3.2 EPS for the current year.

Hedge Funds Weigh In On Avient

Large investors have recently modified their holdings of the business. Cim Investment Management Inc. raised its holdings in Avient by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 11,004 shares of the company's stock valued at $407,000 after acquiring an additional 760 shares during the period. Tidal Investments LLC boosted its stake in Avient by 48.5% in the 2nd quarter. Tidal Investments LLC now owns 27,111 shares of the company's stock worth $1,002,000 after purchasing an additional 8,852 shares during the period. WINTON GROUP Ltd bought a new position in shares of Avient in the second quarter valued at approximately $706,000. Integrated Wealth Concepts LLC purchased a new position in Avient during the second quarter valued at approximately $96,000. Finally, NewEdge Advisors LLC grew its stake in Avient by 40.9% during the second quarter. NewEdge Advisors LLC now owns 11,824 shares of the company's stock valued at $437,000 after acquiring an additional 3,430 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company's stock.

Avient Company Profile

Avient Corporation NYSE: AVNT is a global materials company that develops and manufactures specialized polymer products and solutions. Its portfolio includes engineered materials, specialty formulations, colorants, additives, inks, and other technologies designed to improve the performance, appearance, sustainability, and processing of plastics and other materials.

The company serves customers across a range of industries, including packaging, transportation, healthcare, consumer products, electronics, building and construction, and energy.

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