Truist Financial Begins Coverage on Avient (NYSE:AVNT)

Analysts at Truist Financial started coverage on shares of Avient (NYSE:AVNT) in a research note issued to investors on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $44.00 price target on the stock. Truist Financial’s price objective points to a potential upside of 29.55% from the company’s current price.

A number of other research firms also recently issued reports on AVNT. Wall Street Zen upgraded shares of Avient from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Robert W. Baird set a $43.00 price target on shares of Avient in a research note on Friday, May 8th. Wells Fargo & Company boosted their price target on shares of Avient from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, KeyCorp restated a “sector weight” rating on shares of Avient in a research note on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.71.

Avient Stock Performance

Shares of Avient stock opened at $33.96 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.77 and a quick ratio of 1.29. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. The stock’s 50-day moving average is $35.97 and its 200-day moving average is $35.24. Avient has a one year low of $27.48 and a one year high of $44.85.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. Avient had a return on equity of 11.11% and a net margin of 4.81%.The business had revenue of $847.40 million during the quarter, compared to the consensus estimate of $846.35 million. During the same period last year, the company earned $0.76 earnings per share. Avient’s quarterly 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. Equities analysts predict that Avient will post 3.08 earnings per share for the current fiscal year.

Institutional Trading of Avient

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in Avient by 12.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,222 shares of the company’s stock valued at $69,000 after purchasing an additional 251 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Avient by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 11,748 shares of the company’s stock valued at $426,000 after purchasing an additional 346 shares during the last quarter. Arcadia Investment Management Corp MI raised its holdings in shares of Avient by 17.5% during the 4th quarter. Arcadia Investment Management Corp MI now owns 2,345 shares of the company’s stock worth $73,000 after buying an additional 350 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Avient by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 27,085 shares of the company’s stock worth $892,000 after buying an additional 372 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Avient by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 22,024 shares of the company’s stock worth $799,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

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.