Truist Financial Initiates Coverage on Avient (NYSE:AVNT)

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

Other analysts have also recently issued research reports about the stock. Morgan Stanley set a $45.00 target price on shares of Avient in a research report on Friday, February 13th. Wells Fargo & Company raised their price target on Avient from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Wall Street Zen upgraded Avient from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. KeyCorp reissued a “sector weight” rating on shares of Avient in a research note on Wednesday, March 4th. Finally, Robert W. Baird set a $43.00 target price on Avient in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Avient presently has a consensus rating of “Hold” and an average target price of $45.71.

Avient Price Performance

Shares of AVNT stock opened at $33.96 on Monday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.08 and a beta of 1.28. Avient has a 12 month low of $27.48 and a 12 month high of $44.85. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $35.97 and a 200 day moving average price of $35.24.

Avient (NYSE:AVNT) last released its earnings results on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) 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 company had revenue of $847.40 million for the quarter, compared to the consensus estimate of $846.35 million. During the same period in the prior year, the company posted $0.76 EPS. The company’s 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. Research analysts expect that Avient will post 3.08 EPS for the current year.

Institutional Trading of Avient

Large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Avient during the 4th quarter worth approximately $41,457,000. Invesco Ltd. lifted its stake in Avient by 697.0% in the fourth quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock valued at $45,050,000 after buying an additional 1,261,146 shares in the last quarter. Millennium Management LLC lifted its stake in Avient by 440.4% in 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 in the last quarter. Jennison Associates LLC boosted its holdings in shares of Avient by 96.0% in the first quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock valued at $51,229,000 after buying an additional 691,316 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Avient by 147.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,621 shares of the company’s stock worth $24,980,000 after acquiring an additional 476,016 shares in the last quarter. Institutional investors 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.