Avient (NYSE:AVNT - Get Free Report) was upgraded by investment analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Avient's Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.87 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $0.81 EPS and Q4 2026 earnings at $0.67 EPS.
Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price objective on Avient from $59.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on Avient from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $54.00.
View Our Latest Research Report on AVNT
Avient Stock Down 1.2 %
NYSE:AVNT traded down $0.53 during midday trading on Tuesday, hitting $43.45. 1,288,935 shares of the company were exchanged, compared to its average volume of 587,910. The company has a fifty day simple moving average of $41.97 and a 200 day simple moving average of $46.32. Avient has a fifty-two week low of $37.63 and a fifty-two week high of $54.68. The company has a current ratio of 1.88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $3.97 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51.
Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.49 earnings per share for the quarter, hitting analysts' consensus estimates of $0.49. Avient had a return on equity of 10.44% and a net margin of 5.23%. As a group, equities analysts anticipate that Avient will post 2.85 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in shares of Avient by 56.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 695 shares of the company's stock worth $28,000 after purchasing an additional 250 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Avient by 58.7% in the third quarter. Signaturefd LLC now owns 865 shares of the company's stock worth $44,000 after acquiring an additional 320 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Avient by 44.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the company's stock worth $50,000 after acquiring an additional 310 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Avient in the third quarter worth about $60,000. Finally, Covestor Ltd lifted its stake in shares of Avient by 185.5% in the third quarter. Covestor Ltd now owns 1,459 shares of the company's stock worth $73,000 after acquiring an additional 948 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company's stock.
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.
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