Avient (AVNT) and The Competition Head-To-Head Contrast

Avient (NYSE:AVNT) is one of 295 public companies in the “Chemicals” industry, but how does it contrast to its peers? We will compare Avient to related businesses based on the strength of its analyst recommendations, earnings, risk, valuation, profitability, institutional ownership and dividends.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Avient and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Avient	0	4	3	0	2.43
Avient Competitors	3240	12196	14110	516	2.40

Avient currently has a consensus price target of $46.38, suggesting a potential downside of 3.22%. As a group, “Chemicals” companies have a potential upside of 4.99%. Given Avient’s peers higher probable upside, analysts plainly believe Avient has less favorable growth aspects than its peers.

Dividends

Avient pays an annual dividend of $1.10 per share and has a dividend yield of 2.3%. Avient pays out 59.5% of its earnings in the form of a dividend. As a group, “Chemicals” companies pay a dividend yield of 3.1% and pay out 108.7% of their earnings in the form of a dividend. Avient has raised its dividend for 1 consecutive years.

Profitability

This table compares Avient and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Avient	5.10%	11.64%	4.67%
Avient Competitors	-61.58%	1.07%	-1.45%

Earnings & Valuation

This table compares Avient and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Avient	$3.26 billion	$81.90 million	25.90
Avient Competitors	$6.42 billion	$222.31 million	-3.58

Avient’s peers have higher revenue and earnings than Avient. Avient is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Institutional & Insider Ownership

95.5% of Avient shares are owned by institutional investors. Comparatively, 47.5% of shares of all “Chemicals” companies are owned by institutional investors. 0.9% of Avient shares are owned by company insiders. Comparatively, 13.9% of shares of all “Chemicals” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Volatility & Risk

Avient has a beta of 1.23, indicating that its share price is 23% more volatile than the S&P 500. Comparatively, Avient’s peers have a beta of 0.94, indicating that their average share price is 6% less volatile than the S&P 500.

Summary

Avient beats its peers on 8 of the 15 factors compared.

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. 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.