Avient (AVNT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $51.21 to $52.44
• 50-Day Range: $46.15 to $52.28
• 52-Week Range: $33.84 to $54.68
• Volume: 416,630 shs
• Average Volume: 534,404 shs
• Market Capitalization: $4.78 billion
• P/E Ratio: 32.27
• Dividend Yield: 1.97%
• Price Target: $54.50
• Consensus Rating: Moderate Buy

Avient Stock Analysis - MarketRank™

Avient scored higher than 82% of companies evaluated by MarketBeat, and ranked 56th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Avient has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Avient has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.65%

Earnings Growth

Earnings for Avient are expected to grow by 11.65% in the coming year, from $2.66 to $2.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Avient is 32.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Avient is 32.27, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 103.23.

Price to Earnings Growth Ratio

Avient has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Avient has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.42% of the float of Avient has been sold short.

Short Interest Ratio / Days to Cover

Avient has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Avient has recently increased by 11.40%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Avient pays a meaningful dividend of 2.01%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Avient has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Avient is 63.58%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Avient will have a dividend payout ratio of 34.68% next year. This indicates that Avient will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.16

Percentage of Shares Shorted

1.42% of the float of Avient has been sold short.

Short Interest Ratio / Days to Cover

Avient has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Avient has recently increased by 11.40%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.40

News Sentiment

Avient has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Avient this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added Avient to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Avient insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $296,455.00 in company stock.

Percentage Held by Insiders

Only 1.88% of the stock of Avient is held by insiders.

Percentage Held by Institutions

95.48% of the stock of Avient is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVNT Stock Analysis - Frequently Asked Questions

How have AVNT shares performed this year?

Avient's stock was trading at $41.57 on January 1st, 2024. Since then, AVNT shares have increased by 25.8% and is now trading at $52.28.
View the best growth stocks for 2024 here.

How were Avient's earnings last quarter?

Avient Co. (NYSE:AVNT) released its quarterly earnings results on Thursday, October, 31st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. Avient's revenue for the quarter was up 8.2% on a year-over-year basis.

Who are Avient's major shareholders?

Top institutional shareholders of Avient include State Street Corp (4.63%), Allspring Global Investments Holdings LLC (4.45%), Geode Capital Management LLC (2.38%) and Jennison Associates LLC (1.86%). Insiders that own company stock include Robert M Patterson and Joel R Rathbun.
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.

What other stocks do shareholders of Avient own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Avient investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 10/9 Dividend: 9/13/2024
• Dividend Payable: 10/09/2024
• Last Earnings: 10/31/2024
• Today: 11/23/2024
• Ex-Dividend for 1/8 Dividend: 12/13/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/08/2025
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Plastics materials & resins
• Sub-Industry: N/A
• Current Symbol: NYSE:AVNT
• CUSIP: N/A
• CIK: 1122976
• Web: www.avient.com
• Phone: (440) 930-1000
• Fax: 440-930-3064
• Employees: 9,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $54.50
• High Stock Price Target: $58.00
• Low Stock Price Target: $52.00
• Potential Upside/Downside: +4.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.62
• Trailing P/E Ratio: 32.27
• Forward P/E Ratio: 19.65
• P/E Growth: 1.31
• Net Income: $75.70 million
• Net Margins: 4.66%
• Pretax Margin: 5.67%
• Return on Equity: 10.56%
• Return on Assets: 4.17%

Debt

• Debt-to-Equity Ratio: 0.87
• Current Ratio: 1.63
• Quick Ratio: 1.21

Sales & Book Value

• Annual Sales: $3.14 billion
• Price / Sales: 1.52
• Cash Flow: $4.54 per share
• Price / Cash Flow: 11.51
• Book Value: $26.05 per share
• Price / Book: 2.01

Miscellaneous

• Outstanding Shares: 91,360,000
• Free Float: 89,646,000
• Market Cap: $4.78 billion
• Optionable: Optionable
• Beta: 1.48