Avient (AVNT) Stock Forecast, Price & News

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.
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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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our AVNT earnings forecast.

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.

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.

ETFs with the largest weight of Avient (NYSE:AVNT) stock in their portfolio include American Century Mid Cap Growth Impact (MID), Invesco Dorsey Wright 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), Invesco S&P MidCap 400 Pure Value ETF (RFV), WisdomTree U.S. SmallCap Dividend Fund (DES) and iShares Russell 2000 Value ETF (IWN).

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.

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.

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 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.

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 $34.97.

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.

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.