Avient Corp [AVNT] stock prices are up 9.84% to $44.87 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AVNT shares have lost -0.47% over the last week, with a monthly amount glided 6.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Avient Corp [NYSE: AVNT] stock has seen the most recent analyst activity on November 06, 2023, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $37 from $46. Previously, Oppenheimer upgraded its rating to Outperform on February 16, 2023, and kept the price target unchanged to $50. On October 17, 2022, Deutsche Bank initiated with a Buy rating and assigned a price target of $40 on the stock. Oppenheimer downgraded its rating to a Perform. Stifel upgraded its rating to a Buy but $54 remained the price target by the analyst firm on February 11, 2021. Jefferies upgraded its rating to Buy for this stock on January 07, 2021, but kept the price target unchanged to $56. In a note dated January 06, 2021, Citigroup upgraded an Buy rating on this stock and boosted its target price from $34 to $47.
The stock price of Avient Corp [AVNT] has been fluctuating between $27.73 and $47.87 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Avient Corp [NYSE: AVNT] shares were valued at $44.87 at the most recent close of the market. An investor can expect a potential drop of -8.62% based on the average AVNT price forecast.
Analyzing the AVNT fundamentals
The Avient Corp [NYSE:AVNT] reported sales of 3.13B for trailing twelve months, representing a drop of -1.97%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.09 points at the first support level, and at 39.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.65, and for the 2nd resistance point, it is at 48.42.
Ratios To Look Out For
It’s worth pointing out that Avient Corp [NYSE:AVNT]’s Current Ratio is 1.90. Also, the Quick Ratio is 1.42, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 39.22.
Transactions by insiders
Recent insider trading involved Patterson Robert M, Chairman, President & CEO, that happened on Nov 17 ’23 when 24304.0 shares were purchased. SVP, Mergers & Acquisitions, Rathbun Joel R. completed a deal on Sep 06 ’23 to sell 6743.0 shares.
