Avient Corporation (NYSE:AVNT) Receives $43.50 Average Price Target from Analysts

Avient Corporation (NYSE:AVNT) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.50.

Several analysts have issued reports on the company. Oppenheimer increased their target price on Avient from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Zacks Research upgraded Avient from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research note on Monday, December 29th. Finally, KeyCorp boosted their target price on shares of Avient from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, January 9th.

Hedge Funds Weigh In On Avient

Institutional investors and hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Avient by 54.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after purchasing an additional 340 shares during the last quarter. ARK Investment Management LLC increased its position in Avient by 18.3% during the 2nd quarter. ARK Investment Management LLC now owns 2,286 shares of the company’s stock valued at $74,000 after buying an additional 354 shares in the last quarter. Arizona State Retirement System raised its stake in Avient by 1.4% in the third quarter. Arizona State Retirement System now owns 27,085 shares of the company’s stock valued at $892,000 after buying an additional 372 shares during the last quarter. F m Investments LLC boosted its holdings in Avient by 0.4% in the second quarter. F m Investments LLC now owns 93,028 shares of the company’s stock worth $3,006,000 after acquiring an additional 413 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Avient by 6.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,729 shares of the company’s stock worth $288,000 after acquiring an additional 502 shares during the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

Avient Stock Up 0.7%

Shares of Avient stock opened at $39.04 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.03 and a quick ratio of 1.47. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.29 and a beta of 1.44. The firm’s 50-day moving average is $33.60 and its two-hundred day moving average is $33.31. Avient has a 1 year low of $27.48 and a 1 year high of $44.78.

About Avient

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.