Avient (NYSE:AVNT) Stock Rating Lowered by Wall Street Zen

Avient (NYSE:AVNT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

AVNT has been the subject of several other reports. Wells Fargo & Company raised their price objective on shares of Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Seaport Research Partners reiterated a “buy” rating and set a $54.00 target price on shares of Avient in a report on Friday, August 7th. Weiss Ratings raised Avient from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Truist Financial increased their target price on Avient from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded Avient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.38.

Avient Stock Down 0.1%

Shares of NYSE AVNT opened at $38.93 on Friday. The firm has a fifty day simple moving average of $42.24 and a two-hundred day simple moving average of $38.56. Avient has a 12 month low of $27.48 and a 12 month high of $46.64. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3.57 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating 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 firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Avient will post 3.20 earnings per share for the current year.

Institutional Trading of Avient

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Avient during the 2nd quarter valued at about $437,002,000. The Manufacturers Life Insurance Company purchased a new position in Avient in the second quarter worth about $45,933,000. Bank of America Corp DE bought a new position in shares of Avient in the second quarter worth approximately $37,467,000. Bank of New York Mellon Corp bought a new position in shares of Avient in the second quarter worth approximately $37,038,000. Finally, Bamco Inc. NY bought a new position in shares of Avient in the second quarter worth approximately $25,872,000. 95.48% of the stock is owned by hedge funds and other institutional investors.

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.