Avient Corporation (NYSE:AVNT) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Avient has a consensus “Moderate Buy” rating, split evenly between three buys and three holds, with an average 12-month price target of $46.71 versus a recent price of $40.66.
• Recent results exceeded expectations: Quarterly EPS came in at $0.96 versus the $0.89 consensus estimate, while revenue reached $917 million and rose 5.8% year over year. Analysts expect approximately $3.20 in EPS for the current year.
• Avient maintains shareholder returns and strong institutional support: The company declared a quarterly dividend of $0.275 per share, yielding about 2.7% annually, while institutional investors own 95.48% of outstanding shares.

Avient Corporation (NYSE:AVNT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.7143.

A number of research analysts recently commented on the company. Wall Street Zen upgraded Avient from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Truist Financial raised their price target on shares of Avient from $44.00 to $50.00 and gave the company a "buy" rating in a report on Friday, August 7th. UBS Group set a $44.00 price objective on shares of Avient in a research report on Monday, June 8th. Seaport Research Partners reaffirmed a "buy" rating and set a $54.00 price objective on shares of Avient in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, August 7th.

Hedge Funds Weigh In On Avient

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Avient in the 2nd quarter valued at $437,002,000. Norges Bank acquired a new stake in shares of Avient during the fourth quarter worth $41,457,000. The Manufacturers Life Insurance Company bought a new stake in Avient in the second quarter valued at about $45,933,000. Bank of America Corp DE bought a new stake in Avient in the second quarter valued at about $37,467,000. Finally, Bank of New York Mellon Corp acquired a new position in Avient in the second quarter valued at about $37,038,000. Institutional investors own 95.48% of the company's stock.

Avient Price Performance

Shares of NYSE:AVNT opened at $40.66 on Friday. The business has a 50 day moving average price of $41.03 and a 200 day moving average price of $37.87. Avient has a twelve month low of $27.48 and a twelve month high of $46.64. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.18 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. The company had revenue of $917.00 million during the quarter, compared to analysts' expectations of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.Avient's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. 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 predict that Avient will post 3.2 earnings per share for the current year.

Avient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th. Avient's dividend payout ratio is 59.46%.

Avient Company Profile

Avient Corporation NYSE: AVNT is a global materials company that develops and manufactures specialized polymer products and solutions. Its offerings include engineered materials, polymer colorants and additives, composites, films, and other products designed to improve the performance, appearance, durability, and sustainability of manufactured goods.

The company serves customers across industries including transportation, healthcare, packaging, consumer goods, electronics, energy, and building and infrastructure.

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