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Avient (AVNT) Stock Price, News & Analysis

Avient logo
$52.28 +1.11 (+2.17%)
(As of 11/22/2024 ET)

About Avient Stock (NYSE:AVNT)

Key Stats

Today's Range
$51.21
$52.44
50-Day Range
$46.15
$52.28
52-Week Range
$33.84
$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

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.

Avient Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
82nd Percentile Overall Score

AVNT 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.

  • 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.

  • Read more about Avient's stock forecast and price target.
  • 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.

  • Read more about Avient's valuation and earnings.
  • 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 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.

  • Read more about Avient's dividend.
  • 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 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.
  • 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.

  • Read more about Avient's insider trading history.
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AVNT Stock News Headlines

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Avient (NYSE:AVNT) Stock, Option Chain
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AVNT Stock Analysis - Frequently Asked Questions

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
.

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.

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
.

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.

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

Industry
Plastics materials & resins
Sub-Industry
N/A
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

Net Income
$75.70 million
Pretax Margin
5.67%

Debt

Sales & Book Value

Annual Sales
$3.14 billion
Cash Flow
$4.54 per share
Book Value
$26.05 per share

Miscellaneous

Free Float
89,646,000
Market Cap
$4.78 billion
Optionable
Optionable
Beta
1.48
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This page (NYSE:AVNT) was last updated on 11/23/2024 by MarketBeat.com Staff
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