Avient (NYSE:AVNT) Given New $56.00 Price Target at Truist Financial

Avient (NYSE:AVNT) had its target price lifted by Truist Financial from $50.00 to $56.00 in a research note published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Weiss Ratings raised shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Barclays began coverage on shares of Avient in a research note on Monday, October 12th. They set an “equal weight” rating and a $44.00 price target for the company. Zacks Research lowered shares of Avient from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Wall Street Zen lowered shares of Avient from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Avient in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.88.

Avient Trading Down 5.1%

AVNT stock opened at $45.41 on Thursday. The company has a market cap of $4.16 billion, a P/E ratio of 23.29, a PEG ratio of 1.37 and a beta of 1.23. Avient has a twelve month low of $27.48 and a twelve month high of $49.08. The company has a quick ratio of 1.35, a current ratio of 1.71 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $41.56 and a 200-day moving average of $38.68.

Avient (NYSE:AVNT) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $891.20 million for the quarter, compared to analysts’ expectations of $857.49 million. Avient had a return on equity of 12.17% and a net margin of 5.27%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 earnings per share. As a group, equities research analysts expect that Avient will post 3.23 EPS for the current year.

Avient Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Friday, December 11th will be issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 2.5%. This is an increase from Avient’s previous quarterly dividend of $0.2750. The ex-dividend date is Friday, December 11th. Avient’s dividend payout ratio (DPR) is 57.95%.

Hedge Funds Weigh In On Avient

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Avient by 51.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company’s stock worth $45,000 after buying an additional 424 shares during the period. Fulcrum Asset Management LLP lifted its holdings in Avient by 16,450.0% during the third quarter. Fulcrum Asset Management LLP now owns 1,324 shares of the company’s stock worth $54,000 after acquiring an additional 1,316 shares in the last quarter. Signaturefd LLC lifted its holdings in Avient by 145.3% during the third quarter. Signaturefd LLC now owns 1,425 shares of the company’s stock worth $57,000 after acquiring an additional 844 shares in the last quarter. Nykredit A S acquired a new position in Avient in the second quarter valued at about $61,000. Finally, Allworth Financial LP acquired a new position in Avient in the second quarter valued at about $66,000. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient News Roundup

Here are the key news stories impacting Avient this week:

• Positive Sentiment: Avient reported third-quarter adjusted EPS of $0.86, above expectations of about $0.80, while revenue rose 10.5% year over year to $891 million and also beat estimates. The company raised its full-year adjusted EPS guidance to $3.22–$3.32, citing better-than-expected sales growth. Avient Q3 2026 results and updated guidance
• Positive Sentiment: Strong cash generation enabled $50 million of debt repayment in the quarter, bringing year-to-date debt reduction to $100 million. Reports also highlighted the company’s first share buyback since 2022, which could support per-share earnings. Avient Q3 2026: EPS beat, raised guidance, and first buyback since 2022
• Positive Sentiment: Truist raised its price target from $50 to $56 and maintained a Buy rating, while Barclays increased its target from $44 to $50. The higher targets reflect improved analyst expectations, though Barclays retained an Equal Weight rating. Truist analyst recommendations
• Neutral Sentiment: Although shares were lower, the news provided does not identify a specific negative development explaining the move. Investors may be weighing the strong results against expectations or broader market conditions. Avient could be undervalued on raised guidance and buybacks

Avient Company Profile

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials. The company develops, formulates and manufactures engineered materials, colorants, additives and performance-enhancing solutions used to improve the appearance, durability, processing and functionality of plastic products.

Its offerings include specialty polymer formulations, thermoplastic compounds, color and additive concentrates, advanced composites, barrier technologies and recycled or bio-based material solutions.