Shares of Avient Corporation (NYSE:AVNT – Get Free Report) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $45.7143.
A number of analysts recently issued reports on AVNT shares. Robert W. Baird set a $43.00 target price on Avient in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Truist Financial started coverage on shares of Avient in a report on Monday, June 8th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, UBS Group set a $44.00 price target on shares of Avient in a research note on Monday, June 8th.
Get Our Latest Research Report on Avient
Avient Stock Down 1.9%
Avient (NYSE:AVNT – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Avient had a net margin of 4.81% and a return on equity of 11.11%. The firm had revenue of $847.40 million for the quarter, compared to the consensus estimate of $846.35 million. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. On average, equities analysts predict that Avient will post 3.08 EPS for the current fiscal year.
Avient Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.10 annualized dividend and a dividend yield of 2.9%. Avient’s dividend payout ratio is 63.95%.
Hedge Funds Weigh In On Avient
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Avient by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 868,083 shares of the company’s stock valued at $28,603,000 after purchasing an additional 42,118 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Avient by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,800,903 shares of the company’s stock worth $56,260,000 after purchasing an additional 70,978 shares during the period. Deprince Race & Zollo Inc. grew its position in Avient by 44.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,288,463 shares of the company’s stock valued at $40,252,000 after buying an additional 397,787 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in Avient in the 4th quarter valued at $1,895,000. Finally, M&T Bank Corp acquired a new position in Avient in the 4th quarter valued at $2,350,000. Institutional investors and hedge funds own 95.48% of the company’s stock.
Avient Company Profile
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.
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