Avient Corporation (NYSE:AVNT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Avient Corporation (NYSE:AVNT) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.7143.

AVNT has been the topic of several research reports. Seaport Research Partners restated a “buy” rating and set a $54.00 price objective on shares of Avient in a research note on Friday, August 7th. Wells Fargo & Company boosted their price target on Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Truist Financial upped their price target on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 7th. UBS Group set a $44.00 price objective on Avient in a research note on Monday, June 8th. Finally, Wall Street Zen raised shares of Avient from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th.

Hedge Funds Weigh In On Avient

A number of large investors have recently bought and sold shares of AVNT. BlackRock Inc. bought a new position in shares of Avient during the second quarter valued at approximately $437,002,000. Dimensional Fund Advisors LP lifted its holdings in shares of Avient by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company’s stock worth $180,546,000 after purchasing an additional 192,788 shares during the last quarter. Franklin Resources Inc. boosted its position in Avient by 11.1% during the 4th quarter. Franklin Resources Inc. now owns 4,090,286 shares of the company’s stock valued at $127,781,000 after purchasing an additional 410,112 shares during the period. Wellington Management Group LLP grew its stake in Avient by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 3,012,847 shares of the company’s stock worth $111,355,000 after buying an additional 78,938 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Avient by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,283,321 shares of the company’s stock worth $71,341,000 after buying an additional 11,801 shares during the last quarter. Institutional investors own 95.48% of the company’s stock.

Avient Stock Up 2.0%

AVNT stock opened at $41.25 on Friday. Avient has a twelve month low of $27.48 and a twelve month high of $46.64. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $3.78 billion, a P/E ratio of 22.30, a PEG ratio of 1.17 and a beta of 1.29. The firm has a 50 day simple moving average of $41.33 and a 200-day simple moving average of $37.88.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, equities research analysts predict that Avient will post 3.2 earnings per share for the current fiscal year.

Avient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a yield of 2.7%. Avient’s dividend payout ratio is 59.46%.

Avient Company Profile

Avient Corporation (NYSE: AVNT) is a global materials company that develops and manufactures specialized polymer products and solutions. Its offerings include engineered materials, polymer colorants and additives, composites, films, and other products designed to improve the performance, appearance, durability, and sustainability of manufactured goods.

The company serves customers across industries including transportation, healthcare, packaging, consumer goods, electronics, energy, and building and infrastructure.