Top-Rated Dividend StocksTop-Rated DividendNYSE:AVNT Avient (AVNT) Stock Forecast, Price & News $40.54 +0.47 (+1.17%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$40.11▼$40.9950-Day Range$36.50▼$41.1652-Week Range$27.65▼$51.95Volume485,101 shsAverage Volume456,766 shsMarket Capitalization$3.69 billionP/E Ratio5.78Dividend Yield2.44%Price Target$48.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avient MarketRank™ ForecastAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside18.4% Upside$48.00 Price TargetShort InterestHealthy1.74% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-4.56Upright™ Environmental ScoreNews Sentiment1.31Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth22.73%From $2.42 to $2.97 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.36 out of 5 starsBasic Materials Sector69th out of 164 stocksPlastics Materials & Resins Industry7th out of 11 stocks 2.4 Analyst's Opinion Consensus RatingAvient has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.00, Avient has a forecasted upside of 18.4% from its current price of $40.54.Amount of Analyst CoverageAvient has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.74% of the float of Avient has been sold short.Short Interest Ratio / Days to CoverAvient has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Avient has recently increased by 14.73%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldAvient pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAvient has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Avient is 14.12%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Avient will have a dividend payout ratio of 33.33% next year. This indicates that Avient will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAvient has received a -104.54% net impact score from Upright. The largest negative impact of Avient in category "GHG emissions" seems to be driven mostly by its "Plastics additives", "Inks", "Dyes and pigments", "Carbon fibre composite structures", and "Polyvinyl chloride" products. See details.Environmental SustainabilityThe Environmental Impact score for Avient is -4.56. Previous Next 2.9 News and Social Media Coverage News SentimentAvient has a news sentiment score of 1.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Avient this week, compared to 5 articles on an average week.MarketBeat Follows5 people have added Avient to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avient insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.88% of the stock of Avient is held by insiders.Percentage Held by Institutions93.81% of the stock of Avient is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Avient are expected to grow by 22.73% in the coming year, from $2.42 to $2.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avient is 5.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Avient is 5.78, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.94.Price to Book Value per Share RatioAvient has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Avient (NYSE:AVNT) StockAvient Corp. engages in the business of thermoplastic compounds. It specializes in polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. The firm is also involved in the development and manufacturing of performance enhancing additives, liquid colorants, fluoropolymers, and silicone colorants. It operates through the Color, Additives and Inks and Specialty Engineered Materials segments. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, specialty inks, plasticols, and vinyl slush molding solutions. The Specialty Engineered Materials segment makes polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. The firm's products include polymer distribution, screen printing inks, and thermoplastic elastomers. Its services include IQ design and color services. The company was founded on August 31, 2000 and is headquartered in Avon Lake, OH.Read More Receive AVNT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avient and its competitors with MarketBeat's FREE daily newsletter. Email Address AVNT Stock News HeadlinesMay 27, 2023 | finance.yahoo.comAvient (NYSE:AVNT) shareholders have earned a 18% CAGR over the last three yearsMay 25, 2023 | msn.comOppenheimer Reiterates Avient (AVNT) Outperform RecommendationJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>May 19, 2023 | americanbankingnews.comBrokerages Set Avient Co. (NYSE:AVNT) Price Target at $48.00May 18, 2023 | seekingalpha.comAvient Corporation: Disappointing After An Interesting SetupMay 13, 2023 | msn.comAvient (AVNT) Declares $0.25 DividendMay 13, 2023 | americanbankingnews.comSeaport Res Ptn Comments on Avient Co.'s Q3 2023 Earnings (NYSE:AVNT)May 12, 2023 | msn.comLooking Into Avient's Return On Capital EmployedJune 7, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 10, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Avient Co. (NYSE:AVNT) Cut by AnalystMay 3, 2023 | seekingalpha.comAvient Corporation (AVNT) Q1 2023 Earnings Call TranscriptMay 3, 2023 | finance.yahoo.comAvient (AVNT) Q1 Earnings: Taking a Look at Key Metrics Versus EstimatesMay 3, 2023 | seekingalpha.comAvient Corporation 2023 Q1 - Results - Earnings Call PresentationMay 3, 2023 | finance.yahoo.comAvient (AVNT) Q1 Earnings and Revenues Top EstimatesMay 3, 2023 | finance.yahoo.comAvient Announces First Quarter 2023 ResultsMay 2, 2023 | americanbankingnews.comAvient (AVNT) Set to Announce Quarterly Earnings on WednesdayApril 28, 2023 | americanbankingnews.comAvient Co. (NYSE:AVNT) to Post Q3 2023 Earnings of $0.71 Per Share, Oppenheimer ForecastsApril 18, 2023 | americanbankingnews.comQ4 2023 Earnings Estimate for Avient Co. (NYSE:AVNT) Issued By Seaport Res PtnApril 17, 2023 | americanbankingnews.comAvient (AVNT) to Release Quarterly Earnings on TuesdayApril 13, 2023 | msn.comAvient Earnings Perspective: Return On Capital EmployedApril 5, 2023 | finance.yahoo.comAvient To Hold First Quarter 2023 Conference CallMarch 28, 2023 | americanbankingnews.comAvient Co. (NYSE:AVNT) Receives $48.00 Consensus Price Target from AnalystsMarch 27, 2023 | finance.yahoo.comAvient Corporation's (NYSE:AVNT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?March 5, 2023 | msn.comAvient's Return On Capital Employed InsightsFebruary 16, 2023 | finance.yahoo.comAvient Corporation (NYSE:AVNT) Q4 2022 Earnings Call TranscriptFebruary 16, 2023 | finance.yahoo.com5 Stocks to Watch on Dividend Hikes Amid Spiking Inflation RatesFebruary 16, 2023 | finanznachrichten.deAvient Corporation: Avient Announces Fourth Quarter and Full Year 2022 ResultsSee More Headlines AVNT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVNT Company Calendar Ex-Dividend for 4/6 Dividend3/13/2023Dividend Payable4/06/2023Last Earnings5/03/2023Today6/07/2023Ex-Dividend for 7/7 Dividend6/15/2023Dividend Payable7/07/2023Next Earnings (Estimated)7/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Plastics materials & resins Sub-IndustryN/A SectorBasic Materials Current SymbolNYSE:AVNT CUSIPN/A CIK1122976 Webwww.avient.com Phone(440) 930-1000Fax440-930-3064Employees9,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$48.00 High Stock Price Forecast$70.00 Low Stock Price Forecast$35.00 Forecasted Upside/Downside+18.5%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$7.01 Trailing P/E Ratio5.78 Forward P/E Ratio16.73 P/E GrowthN/ANet Income$703.10 million Net Margins16.98% Pretax Margin0.22% Return on Equity11.50% Return on Assets4.05% Debt Debt-to-Equity Ratio0.92 Current Ratio1.87 Quick Ratio1.42 Sales & Book Value Annual Sales$3.40 billion Price / Sales1.09 Cash Flow$5.11 per share Price / Cash Flow7.93 Book Value$25.87 per share Price / Book1.57Miscellaneous Outstanding Shares91,070,000Free Float89,360,000Market Cap$3.69 billion OptionableOptionable Beta1.53 Key ExecutivesRobert M. PattersonChairman, President & Chief Executive OfficerM. John MideaSenior VP-Global Operations & Process ImprovementJamie A. BeggsChief Financial Officer & Senior Vice PresidentBrian SchilfChief Information Officer & Vice PresidentRobert Vinod PurayathChief Technology Officer & Senior Vice PresidentKey CompetitorsAdvanSixNYSE:ASIXEastman ChemicalNYSE:EMNQuaker ChemicalNYSE:KWRScotts Miracle-GroNYSE:SMGH.B. FullerNYSE:FULView All CompetitorsInstitutional OwnershipMacquarie Group Ltd.Bought 346,232 shares on 6/1/2023Ownership: 1.927%Prelude Capital Management LLCSold 2,407 shares on 6/1/2023Ownership: 0.007%ProShare Advisors LLCSold 46,498 shares on 5/26/2023Ownership: 0.248%Ameriprise Financial Inc.Bought 786,255 shares on 5/22/2023Ownership: 3.084%JPMorgan Chase & Co.Bought 33,542 shares on 5/18/2023Ownership: 0.615%View All Institutional Transactions AVNT Stock - Frequently Asked Questions Should I buy or sell Avient stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avient in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVNT shares. View AVNT analyst ratings or view top-rated stocks. What is Avient's stock price forecast for 2023? 6 Wall Street analysts have issued 12 month price targets for Avient's shares. Their AVNT share price forecasts range from $35.00 to $70.00. On average, they expect the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts price targets for AVNT or view top-rated stocks among Wall Street analysts. How have AVNT shares performed in 2023? Avient's stock was trading at $33.76 at the beginning of 2023. Since then, AVNT stock has increased by 19.9% and is now trading at $40.49. View the best growth stocks for 2023 here. Are investors shorting Avient? Avient saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,480,000 shares, an increase of 14.7% from the April 30th total of 1,290,000 shares. Based on an average daily volume of 446,100 shares, the short-interest ratio is presently 3.3 days. Approximately 1.7% of the company's stock are sold short. View Avient's Short Interest. When is Avient's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023. View our AVNT earnings forecast. How were Avient's earnings last quarter? Avient Co. (NYSE:AVNT) announced its earnings results on Wednesday, May, 3rd. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The company earned $845.70 million during the quarter, compared to the consensus estimate of $843.16 million. Avient had a net margin of 16.98% and a trailing twelve-month return on equity of 11.50%. The firm's revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. How often does Avient pay dividends? What is the dividend yield for Avient? Avient declared a quarterly dividend on Thursday, May 11th. Investors of record on Friday, June 16th will be paid a dividend of $0.2475 per share on Friday, July 7th. This represents a $0.99 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, June 15th. Read our dividend analysis for AVNT. What ETFs hold Avient's stock? ETFs with the largest weight of Avient (NYSE:AVNT) stock in their portfolio include American Century Mid Cap Growth Impact (MID), Invesco DWA 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), Pacer US Export Leaders ETF (PEXL), Invesco S&P MidCap 400 Pure Value ETF (RFV) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA). Is Avient a good dividend stock? Avient (NYSE:AVNT) pays an annual dividend of $0.99 per share and currently has a dividend yield of 2.55%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVNT will have a dividend payout ratio of 33.33% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AVNT. What guidance has Avient issued on next quarter's earnings? Avient issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $0.60-$0.60 for the period, compared to the consensus earnings per share estimate of $0.61. The company issued revenue guidance of $845.00 million-$845.00 million, compared to the consensus revenue estimate of $874.21 million. What other stocks do shareholders of Avient own? 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). What is Avient's stock symbol? Avient trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVNT." Who are Avient's major shareholders? Avient's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.08%), Marquard & Bahls AG (4.73%), Allspring Global Investments Holdings LLC (4.56%), State Street Corp (4.13%), Ameriprise Financial Inc. (3.08%) and Franklin Resources Inc. (2.66%). Insiders that own company stock include Cathy Dodd, Lisa K Kunkle and Michael A Garratt. View institutional ownership trends. How do I buy shares of Avient? 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. Compare Top Brokerages Here. What is Avient's stock price today? One share of AVNT stock can currently be purchased for approximately $40.49. How much money does Avient make? Avient (NYSE:AVNT) has a market capitalization of $3.69 billion and generates $3.40 billion in revenue each year. The company earns $703.10 million in net income (profit) each year or $7.01 on an earnings per share basis. How many employees does Avient have? The company employs 9,700 workers across the globe. How can I contact Avient? Avient's mailing address is 33587 Walker Road, Avon Lake OH, 44012. The official website for the company is www.avient.com. The company can be reached via phone at (440) 930-1000, via email at giuseppe.disalvo@polyone.com, or via fax at 440-930-3064. This page (NYSE:AVNT) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Avient Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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