Avient (NYSE:AVNT) PT Raised to $37.00
Avient (NYSE:AVNT) had its price target upped by Morgan Stanley from $30.00 to $37.00 in a research report released on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the stock.
Several other brokerages have also commented on AVNT. Goldman Sachs Group raised Avient from a neutral rating to a buy rating and boosted their price objective for the stock from $32.00 to $39.00 in a report on Friday, October 2nd. Robert W. Baird upped their target price on Avient from $30.00 to $35.00 and gave the company an outperform rating in a report on Tuesday, October 6th. Finally, Wells Fargo & Company increased their price objective on Avient from $33.00 to $35.00 and gave the stock an overweight rating in a report on Friday, September 25th.
NYSE AVNT opened at $32.22 on Wednesday. Avient has a 12-month low of $8.69 and a 12-month high of $37.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 4.14 and a quick ratio of 3.75. The firm has a market capitalization of $2.95 billion, a P/E ratio of 4.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Friday, December 18th will be paid a dividend of $0.213 per share. This represents a $0.85 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, December 17th. Avient’s dividend payout ratio (DPR) is presently 47.93%.
Avient Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.
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