Avient (NYSE:AVNT) Stock Bumped Up to Hold by Barclays

Avient (NYSE:AVNT) was upgraded by investment analysts at Barclays to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Several other equities research analysts have also weighed in on AVNT. Zacks Research raised Avient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded Avient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Truist Financial upped their price objective on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seaport Research Partners reiterated a “buy” rating and set a $54.00 target price on shares of Avient in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Avient from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.38.

Avient Price Performance

Shares of NYSE AVNT opened at $38.79 on Monday. 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 stock has a fifty day simple moving average of $42.45 and a two-hundred day simple moving average of $38.51. Avient has a 1-year low of $27.48 and a 1-year high of $46.64. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.28.

Avient (NYSE:AVNT) last issued its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. During the same period in the previous year, the company posted $0.80 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. 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 anticipate that Avient will post 3.20 earnings per share for the current year.

Hedge Funds Weigh In On Avient

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Avient by 48.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,877 shares of the company’s stock worth $76,000 after purchasing an additional 614 shares in the last quarter. Cim Investment Management Inc. boosted its holdings in Avient by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 11,004 shares of the company’s stock valued at $407,000 after purchasing an additional 760 shares during the period. Tidal Investments LLC grew its position in shares of Avient by 48.5% during the 2nd quarter. Tidal Investments LLC now owns 27,111 shares of the company’s stock valued at $1,002,000 after purchasing an additional 8,852 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Avient during the 2nd quarter valued at $706,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Avient during the 2nd quarter valued at $96,000. 95.48% of the stock is owned by institutional investors.

About Avient

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.