Avient Co. (NYSE:AVNT – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $54.50.
AVNT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Avient from a “hold” rating to a “buy” rating and raised their price target for the stock from $49.00 to $52.00 in a research report on Wednesday, August 7th. Wells Fargo & Company raised their price target on Avient from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Seaport Res Ptn cut Avient from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Oppenheimer raised their price objective on Avient from $53.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, October 14th.
Read Our Latest Analysis on Avient
Institutional Trading of Avient
Avient Stock Up 0.4 %
AVNT stock opened at $48.06 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.73. Avient has a fifty-two week low of $27.73 and a fifty-two week high of $51.51. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 1.21 and a beta of 1.47. The business’s fifty day moving average price is $48.20 and its two-hundred day moving average price is $45.45.
Avient (NYSE:AVNT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Avient had a return on equity of 10.34% and a net margin of 3.70%. The company had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $841.40 million. During the same quarter last year, the business earned $0.63 earnings per share. Avient’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that Avient will post 2.65 earnings per share for the current year.
Avient Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Avient’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.25%. Avient’s dividend payout ratio (DPR) is 93.91%.
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.
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