Avient (NYSE:AVNT) Stock Rating Upgraded by Zacks Research

Avient (NYSE:AVNT) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities analysts also recently issued reports about the company. Truist Financial lifted their target price on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wall Street Zen raised Avient from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Wells Fargo & Company boosted their price objective on Avient from $47.00 to $48.00 and gave the company an “overweight” 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, Seaport Research Partners reaffirmed a “buy” rating and issued a $54.00 target price on shares of Avient in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.71.

Avient Stock Down 1.1%

Shares of NYSE:AVNT opened at $40.35 on Tuesday. The company’s fifty day moving average is $41.81 and its two-hundred day moving average is $38.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.90. Avient has a 1-year low of $27.48 and a 1-year high of $46.64. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.18 and a beta of 1.29.

Avient (NYSE:AVNT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. During the same period in the previous year, the business posted $0.80 EPS. The company’s quarterly 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. Equities analysts anticipate that Avient will post 3.2 EPS for the current year.

Hedge Funds Weigh In On Avient

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cim Investment Management Inc. grew 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 worth $407,000 after buying an additional 760 shares in the last quarter. Tidal Investments LLC raised its stake in 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 acquiring an additional 8,852 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Avient during the 2nd quarter worth $706,000. Integrated Wealth Concepts LLC acquired a new position in Avient during the 2nd quarter worth $96,000. Finally, NewEdge Advisors LLC grew its stake in shares of Avient by 40.9% in the second quarter. NewEdge Advisors LLC now owns 11,824 shares of the company’s stock worth $437,000 after purchasing an additional 3,430 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

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.