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Avient (AVNT)
NYSE:AVNT
Holding AVNT?
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AVNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$27.73 - $51.51
Previous Close$48.69
Volume49.00K
Average Volume (3M)462.27K
Market Cap
$4.35B
Enterprise Value$6.50B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$2.08B
Price to Earnings (P/E)38.0
Beta1.58
Next Earnings
Oct 31, 2024EPS Estimate
$0.63Last Dividend Ex-Date
Sep 13, 2024Dividend Yield2.13%
Share Statistics
EPS (TTM)1.27
Shares Outstanding91,312,725
10 Day Avg. Volume316,758
30 Day Avg. Volume462,269
Standard Deviation0.11
R-Squared0.47
Alpha-0.00258
Financial Highlights & Ratios
Price to Book (P/B)1.92
Price to Sales (P/S)1.40
Price to Cash Flow (P/CF)10.40
P/FCF Ratio14.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.06
Enterprise Value/Gross Profit7.28
Enterprise Value/Ebitda21.09
Forecast
1Y Price Target
$53.00Price Target Upside10.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Avient News
Bulls Say, Bears Say
Bulls Say
EarningsAVNT reported a 1Q24 earnings beat on solid margin expansion.
Financial PerformanceEBITDA margin improved due to raw material deflation, which resulted in significant cost savings.
Growth PotentialDefense (Dyneema) sales growth and positive signs in packaging and healthcare sectors are expected to drive volume growth in upcoming quarters.
Bears Say
Cash FlowAVNT has a decrease in cash compared to the previous quarter and a negative free cash flow in 1Q24.
Regional SalesSales in EMEA showed a decline, impacting AVNT's overall performance with the region accounting for a significant portion of total sales.
Regional SalesSales in the EMEA region showed a decline, which could continue to affect overall performance.
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Ownership Overview
1.88% Insiders
38.97% Mutual Funds
0.48% Other Institutional Investors
31.73% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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AVNT FAQ
What was Avient’s price range in the past 12 months?
Avient lowest stock price was $27.73 and its highest was $51.51 in the past 12 months.
What is Avient’s market cap?
Currently, no data Available
When is Avient’s upcoming earnings report date?
Avient’s upcoming earnings report date is Oct 31, 2024 which is in 21 days.
How were Avient’s earnings last quarter?
Avient released its earnings results on Aug 06, 2024. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04.
Is Avient overvalued?
According to Wall Street analysts Avient’s price is currently Undervalued.
Does Avient pay dividends?
Avient pays a Quarterly dividend of $0.26 which represents an annual dividend yield of 2.13%. See more information on Avient dividends here
What is Avient’s EPS estimate?
Avient’s EPS estimate is $0.63.
How many shares outstanding does Avient have?
Avient has 91,312,720 shares outstanding.
What happened to Avient’s price movement after its last earnings report?
Avient reported an EPS of $0.76 in its last earnings report, beating expectations of $0.72. Following the earnings report the stock price went up 9.847%.
Which hedge fund is a major shareholder of Avient?
Among the largest hedge funds holding Avient’s share is P2 Capital Partners, Llc. It holds Avient’s shares valued at 38M.
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Avient Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$53.00 (10.21% Upside)
$53.00 (10.21% Upside)
Blogger Sentiment
Bullish
AVNT Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 285.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $507.1K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
51.00%
12-Months-Change
Fundamentals
Return on Equity
4.98%
Trailing 12-Months
Asset Growth
-2.38%
Trailing 12-Months
Company Description
Avient
PolyOne Corp. engages in the business of thermoplastic compounds. It specializes in polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. The firm is also involved in the development and manufacturing of performance enhancing additives, liquid colorants, fluoropolymers and silicone colorants. It operates through the following segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, speciality inks, plasticols, and vinyl slush molding solutions. The Specialty Engineered Materials segment makes polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. The Distribution segment distributes engineering and commodity grade resins, including PolyOne-produced solutions, principally to the North American, Central American, and Asian markets. The firm's products include polymer distribution, screen printing inks, and thermoplastic elastomers. Its services include IQ design and color services. The company was founded on August 31, 2000 and is headquartered in Avon Lake, OH.
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AVNT Company Deck
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AVNT Earnings Call
Q2 2024
0:00 / 0:00
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AVNT Sales Breakdown
63.87% Color, Additives and Inks
36.22% Specialty Engineered Materials
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AVNT Stock 12 Month Forecast
Average Price Target
$53.00
▲(10.21% Upside)
Technical Analysis
Best Analysts Covering AVNT
1 Year
1 Year Success Rate
25/34 ratings generated profit
1 Year Average Return
+23.77%
reiterated a buy rating 2 months ago
Copying Michael Sison's trades and holding each position for 1 Year would result in 73.53% of your transactions generating a profit, with an average return of +23.77% per trade.
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