NYSE:AVNT

Avient Stock Forecast, Price & News

$48.03
+0.59 (+1.24 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$46.65
$48.12
50-Day Range
$45.06
$51.98
52-Week Range
$23.88
$54.21
Volume324,903 shs
Average Volume460,997 shs
Market Capitalization$4.38 billion
P/E Ratio19.77
Dividend Yield1.75%
Beta1.64
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Avient logo

About Avient

Avient Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. 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, plastisols, and vinyl slush molding solutions. 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, and thermoset and thermoplastic composites. The Distribution segment distributes approximately 4,000 grades of engineering and commodity grade resins to custom injection molders and extruders. 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.

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MarketRank

Overall MarketRank

2.78 out of 5 stars

Basic Materials Sector

33rd out of 222 stocks

Plastics Materials & Resins Industry

5th out of 16 stocks

Analyst Opinion: 1.4Community Rank: 5.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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Avient (NYSE:AVNT) Frequently Asked Questions

Is Avient a buy right now?

9 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Avient stock.
View analyst ratings for Avient
or view top-rated stocks.

What stocks does MarketBeat like better than Avient?

Wall Street analysts have given Avient a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avient wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Avient?

Avient saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 958,100 shares, a decline of 20.8% from the June 15th total of 1,210,000 shares. Based on an average trading volume of 363,900 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.1% of the company's stock are sold short.
View Avient's Short Interest
.

When is Avient's next earnings date?

Avient is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Avient
.

How were Avient's earnings last quarter?

Avient Co. (NYSE:AVNT) posted its quarterly earnings data on Thursday, July, 29th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.81 by $0.06. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.11 billion. Avient had a trailing twelve-month return on equity of 14.75% and a net margin of 5.19%. The business's revenue for the quarter was up 102.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS.
View Avient's earnings history
.

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

Avient declared a quarterly dividend on Wednesday, July 14th. Investors of record on Friday, September 17th will be paid a dividend of $0.213 per share on Thursday, October 7th. This represents a $0.85 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, September 16th.
View Avient's dividend history
.

Is Avient a good dividend stock?

Avient pays an annual dividend of $0.85 per share and currently has a dividend yield of 1.75%. Avient does not yet have a strong track record of dividend growth. The dividend payout ratio of Avient is 49.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Avient will have a dividend payout ratio of 25.53% next year. This indicates that Avient will be able to sustain or increase its dividend.
View Avient's dividend history.

What guidance has Avient issued on next quarter's earnings?

Avient issued an update on its FY21 earnings guidance on Friday, July, 30th. The company provided EPS guidance of $3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.89. The company issued revenue guidance of $4.6-$4.7 billion, compared to the consensus revenue estimate of $4.37 billion.

What price target have analysts set for AVNT?

9 brokerages have issued 12-month price targets for Avient's shares. Their forecasts range from $30.00 to $61.00. On average, they expect Avient's share price to reach $50.44 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts' price targets for Avient
or view top-rated stocks among Wall Street analysts.

Who are Avient's key executives?

Avient's management team includes the following people:
  • Mr. Robert M. Patterson, Chairman, Pres & CEO (Age 48, Pay $3.87M)
  • Ms. Jamie A. Beggs, Sr. VP & CFO (Age 45, Pay $500.93k)
  • Mr. M. John Midea Jr., Sr. VP of Global Operations & Process Improvement (Age 57, Pay $1.02M)
  • Ms. Lisa K. Kunkle, Sr. VP, Gen. Counsel & Sec. (Age 52, Pay $936.41k)
  • Mr. Michael A. Garratt, Sr. VP and Pres of Color, Additives & Inks - EMEA Region (Age 57, Pay $1.11M)
  • Dr. Vinod Purayath, Sr. VP & Chief Technology Officer
  • Mr. Giuseppe Di Salvo, VP of Investor Relations & Treasurer
  • Kyle G. Rose, VP of Corp. Communications
  • Mr. Kurt C. Schuering, VP of Sales Excellence (Age 57)
  • Ms. Jennifer N. Prugh, VP of Marketing

Who are some of Avient's key competitors?

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), The 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 retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (2.55%), Emerald Advisers LLC (0.79%), New York State Common Retirement Fund (0.78%), RE Advisers Corp (0.25%), Alliancebernstein L.P. (0.24%) and MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income (0.24%). Company insiders that own Avient stock include Cathy Dodd and Michael A Garratt.
View institutional ownership trends for Avient
.

Which institutional investors are selling Avient stock?

AVNT stock was sold by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, Emerald Advisers LLC, Cookson Peirce & Co. Inc., Mondrian Investment Partners LTD, State of Michigan Retirement System, RE Advisers Corp, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income, and New York State Common Retirement Fund. Company insiders that have sold Avient company stock in the last year include Cathy Dodd, and Michael A Garratt.
View insider buying and selling activity for Avient
or view top insider-selling stocks.

Which institutional investors are buying Avient stock?

AVNT stock was bought by a variety of institutional investors in the last quarter, including Chartwell Investment Partners LLC, Victory Capital Management Inc., Advisors Asset Management Inc., Sheets Smith Wealth Management, Handelsbanken Fonder AB, Harel Insurance Investments & Financial Services Ltd., New Mexico Educational Retirement Board, and Advisor Group Holdings Inc..
View insider buying and selling activity for Avient
or or view top insider-buying stocks.

How do I buy shares of Avient?

Shares of AVNT 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 $48.03.

How much money does Avient make?

Avient has a market capitalization of $4.38 billion and generates $3.24 billion in revenue each year. The company earns $131.60 million in net income (profit) each year or $1.73 on an earnings per share basis.

How many employees does Avient have?

Avient employs 8,400 workers across the globe.

What is Avient's official website?

The official website for Avient is www.avient.com.

Where are Avient's headquarters?

Avient is headquartered at 33587 Walker Road, Avon Lake OH, 44012.

How can I contact Avient?

Avient's mailing address is 33587 Walker Road, Avon Lake OH, 44012. The company can be reached via phone at 440 930 1000 or via email at [email protected]


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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