Avient Corporation (NYSE:AVNT) Stock Has Consensus Price Target of $46.38

Shares of Avient Corporation (NYSE:AVNT) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $46.38.

A number of equities research analysts have weighed in on the stock. Barclays assumed coverage on shares of Avient in a report on Monday. They issued an “equal weight” rating and a $44.00 price objective on the stock. Zacks Research upgraded shares of Avient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Wells Fargo & Company increased their target price on Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Avient from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th.

Institutional Trading of Avient

A number of hedge funds and other institutional investors have recently bought and sold shares of AVNT. BlackRock Inc. bought a new position in shares of Avient during the 2nd quarter valued at approximately $437,002,000. Dimensional Fund Advisors LP lifted its stake in shares of Avient by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company’s stock valued at $180,546,000 after buying an additional 192,788 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Avient by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 3,012,847 shares of the company’s stock valued at $111,355,000 after buying an additional 78,938 shares in the last quarter. Jennison Associates LLC boosted its holdings in Avient by 96.0% in the 1st quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock worth $51,229,000 after buying an additional 691,316 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Avient in the 2nd quarter worth $45,933,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Avient Price Performance

Shares of Avient stock opened at $39.00 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35. The business’s 50 day simple moving average is $42.38 and its two-hundred day simple moving average is $38.53. The stock has a market capitalization of $3.58 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.28. Avient has a one year low of $27.48 and a one year high of $46.64.

Avient (NYSE:AVNT) last issued its earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. The company 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 for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Analysts forecast that Avient will post 3.20 EPS for the current year.

Avient Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Friday, December 11th will be given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 11th. This is an increase from Avient’s previous quarterly dividend of $0.2750. Avient’s payout ratio is currently 59.46%.

Avient Company Profile

Avient Corporation (NYSE: AVNT) is a global materials company that develops and manufactures specialized polymer products and solutions. Its portfolio includes engineered materials, specialty formulations, colorants, additives, inks, and other technologies designed to improve the performance, appearance, sustainability, and processing of plastics and other materials.

The company serves customers across a range of industries, including packaging, transportation, healthcare, consumer products, electronics, building and construction, and energy.