Avient Stock Price, News & Analysis (NYSE:AVNT)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avient in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AVNT shares.
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5 analysts have issued 12 month target prices for Avient's stock. Their AVNT share price targets range from $37.00 to $50.00. On average, they predict the company's stock price to reach $44.17 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
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Avient's stock was trading at $33.76 at the beginning of the year. Since then, AVNT stock has increased by 7.3% and is now trading at $36.21.
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Avient saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,160,000 shares, an increase of 19.1% from the October 31st total of 973,600 shares. Based on an average trading volume of 439,700 shares, the short-interest ratio is presently 2.6 days. Currently, 1.3% of the shares of the company are sold short.
View Avient's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our AVNT earnings forecast.

Avient Co. (NYSE:AVNT) announced its earnings results on Thursday, November, 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $753.70 million for the quarter, compared to analyst estimates of $783.26 million. Avient had a net margin of 18.41% and a trailing twelve-month return on equity of 8.72%.

Avient declared a quarterly dividend on Thursday, October 12th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.257 per share on Friday, January 5th. This represents a $1.03 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for AVNT.

Avient (NYSE:AVNT) pays an annual dividend of $1.03 per share and currently has a dividend yield of 2.79%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVNT will have a dividend payout ratio of 40.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVNT.

ETFs with the largest weight of Avient (NYSE:AVNT) stock in their portfolio include American Century Mid Cap Growth Impact (MID), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Nuveen Small Cap Select ETF (NSCS), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P MidCap 400 Pure Value ETF (RFV), WisdomTree U.S. SmallCap Dividend Fund (DES) and iShares Russell 2000 Value ETF (IWN).

Avient issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $2.30 for the period, compared to the consensus estimate of $2.42. The company issued revenue guidance of $3.13 billion, compared to the consensus revenue estimate of $3.26 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avient investors own include Advanced Micro Devices (AMD), Boeing (BA), eHealth (EHTH), GrowGeneration (GRWG), Itron (ITRI), Nikola (NKLA), Sorrento Therapeutics (SRNE), Alaska Air Group (ALK), AAR (AIR) and Airbus (AIR).

Avient's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (4.50%), Ameriprise Financial Inc. (2.58%), Channing Capital Management LLC (2.16%), American Century Companies Inc. (2.00%), Massachusetts Financial Services Co. MA (1.57%) and Jennison Associates LLC (1.50%). Insiders that own company stock include Cathy Dodd, Joel R Rathbun, Lisa K Kunkle, Michael A Garratt and Robert M Patterson.
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Shares of AVNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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