Avient (NYSE:AVNT) Price Target Raised to $50.00 at Deutsche Bank Aktiengesellschaft

Avient (NYSE:AVNT) had its price target lifted by analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 16.59% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. 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 report on Thursday, December 5th. Seaport Res Ptn downgraded shares of Avient from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. One investment 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Avient Trading Up 2.7 %

NYSE AVNT opened at $42.89 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $42.61 and its two-hundred day simple moving average is $46.34. Avient has a twelve month low of $37.33 and a twelve month high of $54.68. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.08 and a beta of 1.51.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.49 earnings per share 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%. Research analysts forecast that Avient will post 2.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Avient

Several institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Avient by 56.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 695 shares of the company’s stock valued at $28,000 after acquiring an additional 250 shares during the period. Signaturefd LLC increased its holdings in Avient by 58.7% during the 3rd quarter. Signaturefd LLC now owns 865 shares of the company’s stock valued at $44,000 after purchasing an additional 320 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Avient by 44.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the company’s stock valued at $50,000 after purchasing an additional 310 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Avient in the 3rd quarter worth approximately $60,000. Finally, Covestor Ltd lifted its holdings in Avient by 185.5% in the 3rd quarter. Covestor Ltd now owns 1,459 shares of the company’s stock worth $73,000 after buying an additional 948 shares during the period. Hedge funds and other institutional investors own 95.48% of the company’s stock.

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.