Avient (NYSE:AVNT - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $751.01 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Avient Price Performance
Shares of NYSE AVNT traded down $0.51 during mid-day trading on Friday, hitting $42.11. 493,452 shares of the stock were exchanged, compared to its average volume of 482,740. Avient has a twelve month low of $35.86 and a twelve month high of $54.68. The stock's fifty day simple moving average is $43.30 and its two-hundred day simple moving average is $46.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.63. The company has a market cap of $3.85 billion, a P/E ratio of 25.99, a PEG ratio of 1.08 and a beta of 1.51.
Analyst Upgrades and Downgrades
A number of research firms have commented on AVNT. Wells Fargo & Company boosted their price objective on Avient from $55.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Oppenheimer upped their price target on shares of Avient from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, Seaport Res Ptn cut shares of Avient from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.50.
Check Out Our Latest Stock Analysis on Avient
Avient Company Profile
(
Get Free Report)
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.
Further Reading
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