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BABA   73.03 (-1.30%)
AMD   118.57 (-2.32%)
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Avient Stock Price, News & Analysis (NYSE:AVNT)

$35.37
-0.14 (-0.39%)
(As of 12/4/2023 ET)
Compare
Today's Range
$35.21
$35.79
50-Day Range
$31.19
$35.57
52-Week Range
$27.73
$44.74
Volume
336,036 shs
Average Volume
465,997 shs
Market Capitalization
$3.22 billion
P/E Ratio
5.44
Dividend Yield
2.80%
Price Target
$44.17

Avient MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
24.9% Upside
$44.17 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.07
Upright™ Environmental Score
News Sentiment
-1.00mentions of Avient in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$839,703 Bought Last Quarter
Proj. Earnings Growth
11.84%
From $2.28 to $2.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Basic Materials Sector

68th out of 170 stocks

Plastics Materials & Resins Industry

8th out of 11 stocks


AVNT stock logo

About Avient Stock (NYSE:AVNT)

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 specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks. Its products are used in various markets, including medical, pharmaceutical devices, food packaging, personal care, cosmetics, transportation, building products, recreational, athletic apparel, construction, filtration, outdoor furniture, healthcare, wire, and cable. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials; and long glass and carbon fiber technology to thermoset and thermoplastic composites. The company sells its products through direct sales personnel, distributors, and commissioned sales agents. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. Avient Corporation was founded in 1885 and is headquartered in Avon Lake, Ohio.

AVNT Stock Price History

AVNT Stock News Headlines

When CEOs Buy Their Own Stock, Pay Attention
Avient (NYSE:AVNT) Sees Large Volume Increase
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Avient Chairman Acquires 2.5% More Stock
Avient Chairman Makes $839K Stock Purchase
Avient's (NYSE:AVNT) Dividend Will Be Increased To $0.2575
Avient Corp AVNT
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Stifel Nicolaus Keeps Their Buy Rating on Avient (AVNT)
Deutsche Bank Downgrades Avient (AVNT)
Avient downgraded to Hold at Deutsche Bank
Avient Announces Third Quarter 2023 Results
Avient (NYSE:AVNT) Is Increasing Its Dividend To $0.2575
Avient To Hold Third Quarter 2023 Conference Call
Are Investors Undervaluing Avient (AVNT) Right Now?
Here’s What Happened to Avient Corporation (AVNT) in Q2
Avient (AVNT) Receives a Buy from Jefferies
See More Headlines
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Company Calendar

Ex-Dividend for 10/6 Dividend
9/14/2023
Dividend Payable
10/06/2023
Last Earnings
11/02/2023
Today
12/04/2023
Ex-Dividend for 1/5 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/05/2024
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
N/A
Employees
9,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$44.17
High Stock Price Target
$50.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$703.10 million
Pretax Margin
-0.33%

Debt

Sales & Book Value

Annual Sales
$3.40 billion
Cash Flow
$4.88 per share
Book Value
$25.87 per share

Miscellaneous

Free Float
89,447,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
1.48
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AVNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avient stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avient in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVNT shares.
View AVNT analyst ratings
or view top-rated stocks.

What is Avient's stock price target for 2024?

5 analysts have issued twelve-month price objectives for Avient's shares. Their AVNT share price targets range from $37.00 to $50.00. On average, they predict the company's share price to reach $44.17 in the next year. This suggests a possible upside of 24.9% 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 the year. Since then, AVNT stock has increased by 4.8% and is now trading at $35.37.
View the best growth stocks for 2023 here
.

Are investors shorting Avient?

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 daily volume of 439,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.3% of the company's stock are short sold.
View Avient's Short Interest
.

When is Avient's next earnings date?

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

How were Avient's earnings last quarter?

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

How often does Avient pay dividends? What is the dividend yield for Avient?

Avient announced 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for AVNT
.

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 2.79%. 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 15.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVNT will have a dividend payout ratio of 38.82% 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 updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $2.30 for the period, compared to the consensus EPS estimate of $2.42. The company issued revenue guidance of $3.13 billion, compared to the consensus revenue estimate of $3.26 billion.

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).

Who are Avient's major shareholders?

Avient's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
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.

This page (NYSE:AVNT) was last updated on 12/4/2023 by MarketBeat.com Staff

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