NYSE:AVNT

Avient (AVNT) Stock Price, News & Analysis

$46.06
+0.40 (+0.88%)
(As of 05/17/2024 ET)
Today's Range
$45.71
$46.36
50-Day Range
$40.24
$46.33
52-Week Range
$27.73
$47.87
Volume
436,359 shs
Average Volume
498,637 shs
Market Capitalization
$4.20 billion
P/E Ratio
40.05
Dividend Yield
2.24%
Price Target
$46.20

Avient MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
0.3% Upside
$46.20 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.19
Upright™ Environmental Score
News Sentiment
1.02mentions of Avient in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.48%
From $2.61 to $3.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.19 out of 5 stars

Basic Materials Sector

35th out of 169 stocks

Plastics Materials & Resins Industry

6th 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 custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks. Its products are used in medical and pharmaceutical devices, food packaging, personal care and cosmetics, transportation, building products, wire and cable, recreational and athletic apparel, construction and filtration, outdoor furniture, healthcare, textiles and appliances, and industrial markets. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. It 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

Avient Announces Quarterly Dividend
Avient: Q1 Earnings Snapshot
Avient Announces First Quarter 2024 Results
Avient Insider Ups Holding During Year
AVNT May 2024 40.000 put
Avient To Hold First Quarter 2024 Conference Call
Avient Corp's Dividend Analysis
Avient Corp.
Avient: Growth Opportunities And New CEO
AVNT Mar 2024 30.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 4/5 Dividend
3/18/2024
Dividend Payable
4/05/2024
Last Earnings
5/07/2024
Today
5/18/2024
Ex-Dividend for 7/10 Dividend
6/21/2024
Dividend Payable
7/10/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
N/A
Employees
9,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.20
High Stock Price Target
$53.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$75.70 million
Pretax Margin
3.99%

Debt

Sales & Book Value

Annual Sales
$3.14 billion
Cash Flow
$4.48 per share
Book Value
$25.62 per share

Miscellaneous

Free Float
89,539,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
1.53
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Key Executives


AVNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Avient stock right now?

5 Wall Street 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 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 brokerages have issued 12-month price objectives for Avient's shares. Their AVNT share price targets range from $37.00 to $53.00. On average, they predict the company's share price to reach $46.20 in the next twelve months. This suggests a possible upside of 0.3% 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 2024?

Avient's stock was trading at $41.57 at the beginning of 2024. Since then, AVNT stock has increased by 10.8% and is now trading at $46.06.
View the best growth stocks for 2024 here
.

Are investors shorting Avient?

Avient saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,480,000 shares, an increase of 24.4% from the April 15th total of 1,190,000 shares. Based on an average trading volume of 453,800 shares, the short-interest ratio is currently 3.3 days. Currently, 1.7% of the shares of the company are sold short.
View Avient's Short Interest
.

When is Avient's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our AVNT earnings forecast
.

How were Avient's earnings last quarter?

Avient Co. (NYSE:AVNT) posted its quarterly earnings data on Tuesday, May, 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $829 million for the quarter, compared to analyst estimates of $818.45 million. Avient had a trailing twelve-month return on equity of 9.79% and a net margin of 3.37%. Avient's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share.

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

Avient announced a quarterly dividend on Thursday, May 16th. Investors of record on Friday, June 21st will be given a dividend of $0.257 per share on Wednesday, July 10th. This represents a $1.03 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, June 21st.
Read our dividend analysis for AVNT
.

Is Avient a good dividend stock?

Avient (NYSE:AVNT) pays an annual dividend of $1.03 per share and currently has a dividend yield of 2.26%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 89.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVNT will have a dividend payout ratio of 33.88% 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 second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 0.710-0.710 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of -.

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.18%), Allspring Global Investments Holdings LLC (4.52%), Jennison Associates LLC (1.82%), Lord Abbett & CO. LLC (1.61%), Westfield Capital Management Co. LP (1.49%) and Silvercrest Asset Management Group LLC (1.20%). Insiders that own company stock include 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AVNT) was last updated on 5/18/2024 by MarketBeat.com Staff

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