Currently, there are 91.36M common shares owned by the public and among those 89.52M shares have been available to trade.
The company’s stock has a 5-day price change of 11.22% and -16.69% over the past three months. AVNT shares are trading 3.87% year to date (YTD), with the 12-month market performance up to 15.55% higher. It has a 12-month low price of $35.50 and touched a high of $54.68 over the same period. AVNT has an average intraday trading volume of 544.31K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.55%, -8.64%, and -7.23% respectively.
Institutional ownership of Avient Corp (NYSE: AVNT) shares accounts for 96.44% of the company’s 91.36M shares outstanding.
It has a market capitalization of $3.88B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 26.09, while the earnings-per-share (ttm) stands at $1.63. The company has a PEG of 2.12 and a Quick Ratio of 1.21 with the debt-to-equity ratio at 0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.91% over the week and 3.00% over the month.
Earnings per share for the fiscal year are expected to increase by 12.52%, and 10.26% over the next financial year. EPS should grow at an annualized rate of 12.34% over the next five years, compared to -16.13% over the past 5-year period.
Deutsche Bank coverage for the Avient Corp (AVNT) stock in a research note released on August 07, 2024 offered a Buy rating with a price target of $52. Deutsche Bank was of a view on November 06, 2023 that the stock is Hold, while Oppenheimer gave the stock Outperform rating on February 16, 2023, issuing a price target of $50. Deutsche Bank on their part issued Buy rating on October 17, 2022.
