Brokerages Set Avient Corporation (NYSE:AVNT) Price Target at $45.71

Shares of Avient Corporation (NYSE:AVNT) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.7143.

AVNT has been the topic of several recent research reports. Truist Financial began coverage on shares of Avient in a research report on Monday, June 8th. They issued a “buy” rating and a $44.00 price target on the stock. Robert W. Baird set a $43.00 price objective on Avient in a research note on Friday, May 8th. UBS Group set a $44.00 target price on Avient in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th.

Institutional Investors Weigh In On Avient

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Avient during the fourth quarter valued at about $41,457,000. Invesco Ltd. boosted its stake in shares of Avient by 697.0% in the fourth quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock worth $45,050,000 after acquiring an additional 1,261,146 shares during the period. Millennium Management LLC raised its position in shares of Avient by 440.4% during the third quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock valued at $44,060,000 after buying an additional 1,089,744 shares during the last quarter. Jennison Associates LLC grew its position in shares of Avient by 96.0% during the first quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock valued at $51,229,000 after purchasing an additional 691,316 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Avient by 147.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,621 shares of the company’s stock valued at $24,980,000 after buying an additional 476,016 shares during the last quarter. Institutional investors own 95.48% of the company’s stock.

Avient Price Performance

AVNT opened at $37.40 on Thursday. Avient has a 52-week low of $27.48 and a 52-week high of $44.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77. The company’s 50-day simple moving average is $36.47 and its two-hundred day simple moving average is $36.89. The stock has a market capitalization of $3.43 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.14 and a beta of 1.27.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, May 7th. The company reported $0.83 earnings per share 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 business had revenue of $847.40 million during the quarter, compared to analyst estimates of $846.35 million. During the same period in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. As a group, analysts predict that Avient will post 3.08 EPS for the current year.

Avient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be given a $0.275 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 2.9%. Avient’s dividend payout ratio is presently 63.95%.

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.