Avient (AVNT) Stock Forecast, Price & News

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.
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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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our AVNT earnings forecast.

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.

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.

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).

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.

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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVNT."

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.

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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One share of AVNT stock can currently be purchased for approximately $40.49.

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.

The company employs 9,700 workers across the globe.

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.