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Avient (AVNT) Stock Forecast, Price & News

$34.65
-1.08 (-3.02%)
(As of 05:06 PM ET)
Compare
Today's Range
$34.59
$35.61
50-Day Range
$35.42
$41.89
52-Week Range
$27.65
$44.74
Volume
315,083 shs
Average Volume
468,058 shs
Market Capitalization
$3.16 billion
P/E Ratio
5.47
Dividend Yield
2.86%
Price Target
$43.83

Avient MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
26.5% Upside
$43.83 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.44
Upright™ Environmental Score
News Sentiment
1.27mentions of Avient in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$262,842 Sold Last Quarter
Proj. Earnings Growth
22.22%
From $2.43 to $2.97 Per Share

Overall MarketRank

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

2.85 out of 5 stars

Basic Materials Sector

27th out of 161 stocks

Plastics Materials & Resins Industry

3rd out of 11 stocks


AVNT stock logo

About Avient (NYSE:AVNT) Stock

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 Price History

AVNT Stock News Headlines

Here’s What Happened to Avient Corporation (AVNT) in Q2
Avient (AVNT) Receives a Buy from Jefferies
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Avient Announces Debt Paydown and Term Loan Refinancing
Avient: Weaker Demand Creates Uncertainties
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Avient (AVNT) Q2 Earnings Beat Estimates
Avient Announces Second Quarter 2023 Results
Avient Q2 2023 Earnings Preview
A Preview Of Avient's Earnings
Is Avient (AVNT) Stock Undervalued Right Now?
Avient To Hold Second Quarter 2023 Conference Call
See More Headlines
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AVNT Company Calendar

Ex-Dividend for 7/7 Dividend
6/15/2023
Dividend Payable
7/07/2023
Last Earnings
7/27/2023
Ex-Dividend for 10/6 Dividend
9/14/2023
Today
9/26/2023
Dividend Payable
10/06/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$43.83
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+25.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$703.10 million
Pretax Margin
-1.36%

Debt

Sales & Book Value

Annual Sales
$3.40 billion
Cash Flow
$4.84 per share
Book Value
$25.87 per share

Miscellaneous

Free Float
89,369,000
Market Cap
$3.19 billion
Optionable
Optionable
Beta
1.55
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Key Executives

  • Mr. Robert M. Patterson (Age 50)
    Chairman, Pres & CEO
    Comp: $5.03M
  • Ms. Jamie A. Beggs (Age 47)
    Sr. VP & CFO
    Comp: $883.82k
  • Ms. Lisa K. KunkleMs. Lisa K. Kunkle (Age 54)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $1.06M
  • Mr. Joel R. Rathbun (Age 50)
    Sr. VP of Mergers & Acquisitions
    Comp: $1.03M
  • Mr. Michael A. GarrattMr. Michael A. Garratt (Age 59)
    Sr. VP and Pres of Color, Additives & Inks - EMEA Region
    Comp: $1.46M
  • Mr. M. John Midea Jr. (Age 59)
    Sr. VP of Global Operations & Process Improvement
  • Dr. Vinod Purayath Ph.D. (Age 44)
    Sr. VP & Chief Technology Officer
  • Mr. Brian Schilf
    VP & Chief Information Officer
  • Mr. Giuseppe Di Salvo
    VP of Investor Relations & Treasurer
  • Mr. Kyle G. Rose
    VP of Marketing & Communications













AVNT Stock - 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 year. There are currently 1 hold rating and 4 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 forecast for 2023?

5 analysts have issued 12-month price targets for Avient's shares. Their AVNT share price forecasts range from $35.00 to $50.00. On average, they expect the company's stock price to reach $43.83 in the next twelve months. This suggests a possible upside of 25.3% 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 shares have increased by 3.6% and is now trading at $34.97.
View the best growth stocks for 2023 here
.

Are investors shorting Avient?

Avient saw a increase in short interest in August. As of August 15th, there was short interest totaling 942,200 shares, an increase of 5.9% from the July 31st total of 889,700 shares. Based on an average trading volume of 497,300 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.1% of the shares of the 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, November 1st 2023.
View our AVNT earnings forecast
.

How were Avient's earnings last quarter?

Avient Co. (NYSE:AVNT) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $824.40 million for the quarter, compared to analysts' expectations of $842.90 million. Avient had a trailing twelve-month return on equity of 9.37% and a net margin of 17.55%. The business's quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share.

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

Avient declared a quarterly dividend on Thursday, July 13th. Investors of record on Friday, September 15th will be given a dividend of $0.248 per share on Friday, October 6th. This represents a $0.99 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.64%. 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 updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.40-$2.40 for the period, compared to the consensus EPS estimate of $2.42. The company issued revenue guidance of $3.30 billion-$3.30 billion, compared to the consensus revenue estimate of $3.39 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).

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.38%), Allspring Global Investments Holdings LLC (4.51%), State Street Corp (4.16%), Franklin Resources Inc. (3.55%), Dimensional Fund Advisors LP (2.76%) and Marquard & Bahls AG (2.57%). Insiders that own company stock include Cathy Dodd, Joel R Rathbun, 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 $34.97.

How much money does Avient make?

Avient (NYSE:AVNT) has a market capitalization of $3.19 billion and generates $3.40 billion in revenue each year. The company earns $703.10 million in net income (profit) each year or $6.33 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 9/26/2023 by MarketBeat.com Staff

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