Avient (NYSE:AVNT – Get Free Report) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $45.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 16.23% from the stock’s current price.
A number of other research analysts have also recently commented on AVNT. Seaport Res Ptn cut Avient from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target on Avient from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.
Read Our Latest Stock Analysis on AVNT
Avient Price Performance
Avient (NYSE:AVNT – Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Avient had a return on equity of 10.56% and a net margin of 4.66%. On average, analysts expect that Avient will post 2.65 earnings per share for the current fiscal year.
Institutional Trading of Avient
Several hedge funds have recently modified their holdings of AVNT. CWM LLC raised its stake in shares of Avient by 21.5% in the third quarter. CWM LLC now owns 1,637 shares of the company’s stock valued at $82,000 after acquiring an additional 290 shares in the last quarter. Creative Planning increased its holdings in Avient by 35.8% in the third quarter. Creative Planning now owns 35,545 shares of the company’s stock valued at $1,789,000 after buying an additional 9,378 shares during the last quarter. nVerses Capital LLC increased its holdings in Avient by 53.8% in the third quarter. nVerses Capital LLC now owns 4,000 shares of the company’s stock valued at $201,000 after buying an additional 1,400 shares during the last quarter. Trust Point Inc. purchased a new position in Avient in the third quarter valued at $210,000. Finally, Raymond James & Associates increased its holdings in Avient by 2.0% in the third quarter. Raymond James & Associates now owns 50,484 shares of the company’s stock valued at $2,540,000 after buying an additional 1,013 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.
Avient Company Profile
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.
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