Avient (NYSE:AVNT) Stock Bumped Down to Buy by Wall Street Zen

Key Points

• Wall Street Zen downgraded Avient from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $46.38.
• Avient reported quarterly EPS of $0.96, beating estimates of $0.89, while revenue rose 5.8% year over year to $917 million.
• Avient shares opened at $38.93, below the 50-day moving average of $42.24; institutional investors hold approximately 95.48% of the company’s stock.

Avient (NYSE:AVNT - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Several other research firms have also recently issued reports on AVNT. Weiss Ratings raised Avient from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, September 18th. Barclays assumed coverage on Avient in a research report on Monday. They set an "equal weight" rating and a $44.00 target price on the stock. Wells Fargo & Company raised their target price on Avient from $47.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Seaport Research Partners restated a "buy" rating and set a $54.00 target price on shares of Avient in a research note on Friday, August 7th. Finally, Truist Financial upped their price target on Avient from $44.00 to $50.00 and gave the company a "buy" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $46.38.

Avient Stock Down 0.2%

NYSE:AVNT opened at $38.93 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. The stock's fifty day moving average is $42.24 and its two-hundred day moving average is $38.54. Avient has a 52 week low of $27.48 and a 52 week high of $46.64. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28.

Avient (NYSE:AVNT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. During the same period last year, the business posted $0.80 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Research analysts anticipate that Avient will post 3.20 EPS for the current year.

Institutional Trading of Avient

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Avient by 51.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company's stock valued at $45,000 after purchasing an additional 424 shares during the period. Nykredit A S acquired a new position in Avient during the second quarter worth approximately $61,000. Allworth Financial LP acquired a new position in Avient during the second quarter worth approximately $66,000. GAMMA Investing LLC increased its position in Avient by 48.6% during the third quarter. GAMMA Investing LLC now owns 1,877 shares of the company's stock worth $76,000 after buying an additional 614 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Avient during the second quarter worth approximately $96,000. Institutional investors and hedge funds own 95.48% of the company's stock.

About Avient

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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