Weekly Investment Analysts’ Ratings Changes for Avient (AVNT)

Several brokerages have updated their recommendations and price targets on shares of Avient (NYSE: AVNT) in the last few weeks:

  • 11/7/2022 – Avient had its price target lowered by analysts at Morgan Stanley from $37.00 to $34.00. They now have an “equal weight” rating on the stock.
  • 11/3/2022 – Avient had its price target lowered by analysts at Wells Fargo & Company from $38.00 to $33.00.
  • 11/3/2022 – Avient had its price target lowered by analysts at Robert W. Baird from $42.00 to $35.00.
  • 11/3/2022 – Avient had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $40.00 to $35.00.
  • 10/25/2022 – Avient had its price target lowered by analysts at Morgan Stanley from $50.00 to $37.00. They now have an “equal weight” rating on the stock.
  • 10/24/2022 – Avient was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 10/17/2022 – Avient is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $40.00 price target on the stock.
  • 10/4/2022 – Avient had its price target lowered by analysts at Citigroup Inc. from $50.00 to $40.00.
  • 9/29/2022 – Avient had its price target lowered by analysts at Wells Fargo & Company from $53.00 to $38.00. They now have an “overweight” rating on the stock.
  • 9/28/2022 – Avient was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.

Avient Trading Up 1.8 %

Shares of NYSE AVNT opened at $33.90 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $32.66 and a two-hundred day simple moving average of $40.23. The firm has a market cap of $3.08 billion, a PE ratio of 16.62 and a beta of 1.54. Avient Co. has a twelve month low of $27.65 and a twelve month high of $60.10.

Avient (NYSE:AVNTGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.02). The company had revenue of $823.30 million during the quarter, compared to the consensus estimate of $850.82 million. Avient had a return on equity of 16.11% and a net margin of 4.08%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. Analysts expect that Avient Co. will post 2.92 earnings per share for the current fiscal year.

Avient Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be given a $0.2475 dividend. This represents a $0.99 annualized dividend and a dividend yield of 2.92%. This is a positive change from Avient’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 15th. Avient’s payout ratio is presently 46.57%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AVNT. BlackRock Inc. grew its stake in Avient by 3.6% during the 3rd quarter. BlackRock Inc. now owns 11,874,799 shares of the company’s stock worth $359,808,000 after buying an additional 417,069 shares during the last quarter. Vanguard Group Inc. grew its stake in Avient by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,802,120 shares of the company’s stock worth $470,502,000 after buying an additional 583,179 shares during the last quarter. Marquard & Bahls AG grew its stake in Avient by 10.1% during the 2nd quarter. Marquard & Bahls AG now owns 4,564,633 shares of the company’s stock worth $182,950,000 after buying an additional 420,000 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Avient by 6.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,933,687 shares of the company’s stock worth $119,190,000 after buying an additional 222,685 shares during the last quarter. Finally, State Street Corp grew its stake in Avient by 4.3% during the 1st quarter. State Street Corp now owns 3,478,276 shares of the company’s stock worth $167,739,000 after buying an additional 142,503 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Avient Corporation provides specialized formulator, services, and sustainable material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates through three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks.

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