Avient (NYSE:AVNT – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Other research analysts have also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Seaport Research Partners reissued a “buy” rating and issued a $54.00 price target on shares of Avient in a research report on Friday, August 7th. Robert W. Baird set a $43.00 price target on shares of Avient in a research note on Friday, May 8th. Finally, UBS Group set a $44.00 price objective on Avient in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.71.
Check Out Our Latest Report on AVNT
Avient Stock Up 1.3%
Shares of NYSE AVNT opened at $43.45 on Friday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.24 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. Avient has a 52-week low of $27.48 and a 52-week high of $46.64. The business’s 50 day moving average is $40.21 and its two-hundred day moving average is $37.94.
Avient (NYSE:AVNT – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Research analysts predict that Avient will post 3.2 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Avient by 1.0% in the 1st quarter. Royal Bank of Canada now owns 128,730 shares of the company’s stock valued at $4,782,000 after purchasing an additional 1,321 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Avient by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company’s stock worth $1,998,000 after purchasing an additional 2,341 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Avient by 294.8% during the 1st quarter. NewEdge Advisors LLC now owns 9,340 shares of the company’s stock worth $347,000 after purchasing an additional 6,974 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Avient during the first quarter worth $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Avient by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock worth $11,073,000 after purchasing an additional 10,535 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.
About Avient
Avient Corporation NYSE: AVNT is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.
Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.
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