Avient (AVNT) to Release Quarterly Earnings on Thursday

Avient (NYSE:AVNT) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $751.01 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Avient Stock Down 1.1 %

Shares of NYSE AVNT opened at $42.67 on Thursday. Avient has a 12-month low of $35.76 and a 12-month high of $54.68. The stock has a market cap of $3.90 billion, a P/E ratio of 26.34, a PEG ratio of 1.08 and a beta of 1.51. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $43.66 and its 200-day simple moving average is $46.47.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AVNT. Oppenheimer increased their price objective on Avient from $53.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Seaport Res Ptn lowered shares of Avient from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Avient from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.50.

About Avient

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.