Avient (NYSE:AVNT – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.
AVNT has been the topic of several other reports. Seaport Research Partners reissued a “buy” rating and set a $54.00 price target on shares of Avient in a research note on Friday, August 7th. Weiss Ratings raised shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 18th. UBS Group set a $44.00 target price on shares of Avient in a research report on Monday, June 8th. Wall Street Zen raised shares of Avient from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, Truist Financial upped their price target on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Avient presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.71.
Read Our Latest Research Report on Avient
Avient Price Performance
Avient (NYSE:AVNT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period in the previous year, the firm posted $0.80 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, equities research analysts anticipate that Avient will post 3.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Avient by 51.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company’s stock valued at $45,000 after buying an additional 424 shares during the period. Nykredit A S purchased a new position in shares of Avient in the second quarter valued at about $61,000. Allworth Financial LP purchased a new position in shares of Avient in the second quarter valued at about $66,000. Public Employees Retirement System of Ohio bought a new position in shares of Avient during the second quarter valued at about $96,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Avient during the second quarter valued at about $96,000. 95.48% of the stock is owned by hedge funds and other institutional investors.
Avient Company Profile
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.
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