Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Avient (NYSE:AVNT) Stock Price

Avient (NYSE:AVNT) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $45.00 to $50.00 in a research report released on Friday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Seaport Res Ptn cut shares of Avient from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on shares of Avient from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Avient has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Avient Stock Up 0.2 %

AVNT stock opened at $43.02 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. Avient has a twelve month low of $37.63 and a twelve month high of $54.68. The company’s 50 day moving average is $42.48 and its two-hundred day moving average is $46.32. The stock has a market cap of $3.93 billion, a P/E ratio of 26.56, a PEG ratio of 1.08 and a beta of 1.51.

Avient (NYSE:AVNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Avient had a net margin of 4.66% and a return on equity of 10.56%. Research analysts expect that Avient will post 2.65 earnings per share for the current fiscal year.

Avient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, March 18th will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.08 dividend on an annualized basis and a yield of 2.51%. Avient’s dividend payout ratio (DPR) is 66.67%.

Hedge Funds Weigh In On Avient

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Avient by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 10,313,859 shares of the company’s stock valued at $421,424,000 after buying an additional 79,661 shares during the last quarter. State Street Corp boosted its position in shares of Avient by 3.0% during the 3rd quarter. State Street Corp now owns 4,231,720 shares of the company’s stock worth $213,977,000 after purchasing an additional 121,349 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Avient by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,069,093 shares of the company’s stock worth $166,259,000 after purchasing an additional 90,535 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Avient by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,057,356 shares of the company’s stock worth $204,166,000 after purchasing an additional 65,452 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Avient by 9.5% during the 4th quarter. Franklin Resources Inc. now owns 3,185,999 shares of the company’s stock worth $130,180,000 after purchasing an additional 276,357 shares in the last quarter. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

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.