Avient Corporation (NYSE: AVNT) is 12.29% higher on its value in year-to-date trading and has touched a low of $27.65 and a high of $54.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVNT stock was last observed hovering at around $39.92 in the last trading session, with the day’s loss setting it -2.01% off its average median price target of $48.00 for the next 12 months. It is also 27.1% off the consensus price target high of $52.00 offered by 9 analysts, but current levels are 5.23% higher than the price target low of $40.00 for the same period.
Currently trading at $37.91, the stock is -9.66% and -5.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -5.04% at the moment leaves the stock -2.57% off its SMA200. AVNT registered -21.71% loss for a year compared to 6-month loss of -6.60%.
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The stock witnessed a -2.52% gain in the last 1 month and extending the period to 3 months gives it a 9.25%, and is -10.06% down 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 4.18% over the week and 3.48% over the month.
Avient Corporation (AVNT) has around 9700 employees, a market worth around $3.56B and $3.40B in sales. Current P/E ratio is 42.03 and Fwd P/E is 12.71. Profit margin for the company is 20.70%. Distance from 52-week low is 37.11% and -30.78% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).
Avient Corporation (AVNT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Avient Corporation (AVNT) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 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 04/27/2023.The EPS is expected to shrink by -45.50% this year
Avient Corporation (AVNT) Top Institutional Holders
The shares outstanding are 90.90M, and float is at 89.81M with Short Float at 1.85%.
Avient Corporation (AVNT) Insider Activity
A total of 29 insider transactions have happened at Avient Corporation (AVNT) in the last six months, with sales accounting for 0 and purchases happening 29 times.