Deutsche Bank Aktiengesellschaft Increases Avient (NYSE:AVNT) Price Target to $50.00

Avient (NYSE:AVNT - Get Free Report) had its price target upped by research analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $50.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 13.10% from the company's previous close.

A number of other research firms have also recently commented on AVNT. Wells Fargo & Company upped their target price on shares of Avient from $55.00 to $59.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. 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 issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Avient Trading Up 2.8 %

Shares of AVNT stock traded up $1.22 on Friday, hitting $44.21. 756,961 shares of the stock traded hands, compared to its average volume of 557,896. The firm's 50-day moving average price is $42.24 and its two-hundred day moving average price is $46.34. 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 stock has a market capitalization of $4.04 billion, a PE ratio of 27.29, a PEG ratio of 1.08 and a beta of 1.51. Avient has a twelve month low of $37.63 and a twelve month high of $54.68.

Avient (NYSE:AVNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Avient had a net margin of 4.66% and a return on equity of 10.56%. As a group, analysts anticipate that Avient will post 2.65 EPS for the current year.

Institutional Trading of Avient

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Avient by 35.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 287,441 shares of the company's stock worth $11,745,000 after purchasing an additional 75,787 shares during the period. Twinbeech Capital LP purchased a new stake in Avient during the fourth quarter worth about $6,388,000. Sherbrooke Park Advisers LLC increased its stake in Avient by 46.7% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 9,558 shares of the company's stock worth $391,000 after purchasing an additional 3,044 shares during the period. Silvercrest Asset Management Group LLC increased its stake in Avient by 11.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,312,215 shares of the company's stock worth $53,617,000 after purchasing an additional 131,580 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Avient by 250.5% during the fourth quarter. Point72 Asset Management L.P. now owns 532,610 shares of the company's stock worth $21,762,000 after purchasing an additional 380,657 shares during the period. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

About Avient

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.