Avient (NYSE:AVNT) Given Hold (C) Rating at Weiss Ratings

Key Points

• Avient's stock received a "hold (c)" rating from Weiss Ratings, reflecting a cautious outlook from analysts.
• Robert W. Baird lowered its price target for Avient from $43.00 to $37.00, while KeyCorp initiated coverage with an "overweight" rating and a $48.00 target.
• Avient reported quarterly earnings exceeding expectations with an EPS of $0.80, and has set a FY 2025 guidance of 2.770-2.870 EPS.

Avient (NYSE:AVNT - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on AVNT. Robert W. Baird dropped their price objective on Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. KeyCorp started coverage on Avient in a report on Wednesday, September 17th. They set an "overweight" rating and a $48.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Avient has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Avient Price Performance

Avient stock traded up $0.08 during midday trading on Wednesday, reaching $32.05. 333,414 shares of the company were exchanged, compared to its average volume of 657,702. Avient has a 1 year low of $27.86 and a 1 year high of $54.68. The firm's 50-day simple moving average is $35.03 and its 200-day simple moving average is $34.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.13 and a beta of 1.41.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The company had revenue of $866.50 million during the quarter, compared to the consensus estimate of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, analysts anticipate that Avient will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Avient

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Avient by 75.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 318 shares in the last quarter. Diversified Trust Co raised its stake in shares of Avient by 2.5% during the 1st quarter. Diversified Trust Co now owns 14,007 shares of the company's stock worth $520,000 after purchasing an additional 336 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of 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 acquiring an additional 354 shares in the last quarter. F m Investments LLC raised its stake 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 acquiring an additional 413 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Avient by 1.8% in the 1st quarter. Cerity Partners LLC now owns 23,571 shares of the company's stock valued at $876,000 after acquiring an additional 416 shares in the last quarter. 95.48% of the stock is owned by hedge funds and other 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.

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