Avient Corporation (NYSE: AVNT) is -39.41% lower on its value in year-to-date trading and has touched a low of $27.65 and a high of $60.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVNT stock was last observed hovering at around $33.30 in the last trading session, with the day’s gains setting it 0.6% off its average median price target of $35.00 for the next 12 months. It is also 32.2% off the consensus price target high of $50.00 offered by 10 analysts, but current levels are -5.94% lower than the price target low of $32.00 for the same period.
Currently trading at $33.90, the stock is 5.85% and 3.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.49 million and changing 1.80% at the moment leaves the stock -21.62% off its SMA200. AVNT registered -43.58% loss for a year compared to 6-month loss of -29.54%.
The stock witnessed a -0.26% gain in the last 1 month and extending the period to 3 months gives it a -28.01%, and is 3.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.41% over the week and 4.27% over the month.
Avient Corporation (AVNT) has around 8700 employees, a market worth around $3.03B and $3.81B in sales. Current P/E ratio is 23.99 and Fwd P/E is 13.63. Profit margin for the company is 6.40%. Distance from 52-week low is 22.60% and -43.90% from its 52-week high. The company has generated returns on investments over the last 12 months (8.50%).
Avient Corporation (AVNT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Avient Corporation (AVNT) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Avient Corporation is expected to release its quarterly report on 01/27/2023.The EPS is expected to grow by 72.00% this year
Avient Corporation (AVNT) Top Institutional Holders
The shares outstanding are 90.90M, and float is at 89.81M with Short Float at 2.98%.
Avient Corporation (AVNT) Insider Activity
A total of 27 insider transactions have happened at Avient Corporation (AVNT) in the last six months, with sales accounting for 0 and purchases happening 27 times.