Avient Corp [AVNT] stock prices are up 2.81% to $48.97 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVNT shares have gain 6.53% over the last week, with a monthly amount glided 6.87%, 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 August 07, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $52 from $49. Previously, Deutsche Bank downgraded its rating to Hold on November 06, 2023, and dropped its price target to $37. On February 16, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $50 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $40 on October 17, 2022. Oppenheimer downgraded its rating to a Perform. Stifel upgraded its rating to Buy for this stock on February 11, 2021, but kept the price target unchanged to $54. In a note dated January 07, 2021, Jefferies upgraded an Buy rating on this stock but restated the target price of $56.
The stock price of Avient Corp [AVNT] has been fluctuating between $27.73 and $49.47 over the past year. Currently, Wall Street analysts expect the stock to reach $44.67 within the next 12 months. Avient Corp [NYSE: AVNT] shares were valued at $48.97 at the most recent close of the market. An investor can expect a potential drop of -8.78% based on the average AVNT price forecast.
Analyzing the AVNT fundamentals
The Avient Corp [NYSE:AVNT] reported sales of 3.15B for trailing twelve months, representing a surge of 3.07%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
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 48.50 points at the first support level, and at 48.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.28, and for the 2nd resistance point, it is at 49.60.
Ratios To Look Out For
It’s worth pointing out that Avient Corp [NYSE:AVNT]’s Current Ratio is 0.97. As well, the Quick Ratio is 0.73, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 38.62.
Transactions by insiders
Recent insider trading involved Rathbun Joel R., SVP, Mergers & Acquisitions, that happened on Aug 07 ’24 when 11698.0 shares were sold. Officer, Rathbun Joel R. completed a deal on Aug 07 ’24 to buy 11698.0 shares. Meanwhile, Chairman, President & CEO Patterson Robert M bought 24304.0 shares on Nov 17 ’23.
