Avient's (AVNT) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Avient's stock rating has been reaffirmed as "hold (c)" by Weiss Ratings, signaling a cautious outlook on the stock's performance.
• Brokerages have varied opinions on Avient, with price targets ranging from $37.00 to $48.00, reflecting a consensus rating of "Moderate Buy".
• Avient achieved earnings of $0.80 EPS for its last quarter, surpassing analysts' expectations and indicating a 1.9% year-over-year revenue growth.

Avient (NYSE:AVNT - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on AVNT. Robert W. Baird lowered their price objective on shares of Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. KeyCorp assumed coverage on Avient in a research note on Wednesday, September 17th. They issued an "overweight" rating and a $48.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.60.

Avient Price Performance

Shares of Avient stock traded up $0.13 during trading on Friday, hitting $32.67. 463,440 shares of the stock traded hands, compared to its average volume of 646,745. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.11 and a beta of 1.41. The firm's fifty day moving average is $34.53 and its 200-day moving average is $34.34. Avient has a 52 week low of $27.86 and a 52 week high of $54.68.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Avient by 75.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company's stock worth $27,000 after acquiring an additional 318 shares in the last quarter. Diversified Trust Co increased its position in Avient by 2.5% during the 1st quarter. Diversified Trust Co now owns 14,007 shares of the company's stock valued at $520,000 after buying an additional 336 shares in the last quarter. ARK Investment Management LLC increased its position in Avient by 18.3% during 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 in the last quarter. F m Investments LLC increased its position in Avient by 0.4% during 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, Cerity Partners LLC increased its position in Avient by 1.8% during the 1st quarter. Cerity Partners LLC now owns 23,571 shares of the company's stock valued at $876,000 after buying an additional 416 shares in the last quarter. 95.48% of the stock is owned by institutional investors.

About Avient

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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