Brokerages Set Avient Co. Target Price at $43.83, with “Moderate Buy” Rating
August 9, 2023
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Avient Corporation ($NYSE:AVNT) is a global leader in the supply of advanced, value-added specialty plastic and thermal management solutions. The company serves a diverse array of markets, including medical device, automotive, consumer, electrical and electronic, and industrial. Analysts from five research firms have assigned a “Moderate Buy” recommendation to Avient Co.’s stock, setting the target price at $43.83. According to these analysts, the company is currently in a strong position to benefit from continued growth in its core markets, as well as its recent acquisitions and strategic investments. With its strong focus on innovation and technological advancement, Avient Co. is well-positioned to capitalize on the growing demand for specialty plastic and thermal management solutions. A number of factors, such as the company’s robust capital structure and ability to execute strategic initiatives, are expected to help drive Avient Co.’s stock price over the near-term.
Additionally, the company has made significant progress in its international expansion strategy, which could boost its financial performance further. With its strong fundamentals and attractive prospects, Avient Co. is expected to be an attractive investment for those looking for a long-term play in the specialty plastic and thermal management space.
Price History
On Monday, AVIENT CORPORATION stock opened at $39.4 and closed at $39.8, up by 1.6% from previous closing price of 39.2. Brokerages have recently set the price target of AVIENT CORPORATION at $43.83, giving it a “Moderate Buy” rating. This is based on the strong financial performance of the company and the positive outlook for the future.
The analysts are optimistic that AVIENT CORPORATION is well-positioned to take advantage of any upturn in the market and deliver excellent returns for its shareholders. With a price target of $43.83, investors may find AVIENT CORPORATION to be an attractive investment opportunity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avient Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.28k | 576.2 | -0.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avient Corporation. More…
| Operations | Investing | Financing |
| 267 | -583.7 | 206.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avient Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.05k | 3.7k | 25.63 |
Key Ratios Snapshot
Some of the financial key ratios for Avient Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 1.3% | 3.1% |
| FCF Margin | ROE | ROA |
| 4.6% | 2.7% | 1.0% |
Analysis
GoodWhale has conducted a detailed analysis of AVIENT CORPORATION‘s financials to determine their Risk Rating. Our results indicate that AVIENT CORPORATION is a medium risk investment in terms of financial and business aspects. We have detected one potential risk warning in the company’s income sheet, though this is only visible to registered users. If you would like to know more about this risk warning, become a GoodWhale user and look out for the warning sign in the income sheet. Our team will be happy to provide more information about this risk and how it can be managed. More…
Peers
The market for color concentrates is highly competitive with several large companies vying for market share. Avient Corporation, Toyo Ink SC Holdings Co Ltd, Inabata & Co Ltd, and Yuan Jen Enterprises Co Ltd are all major players in the industry. While each company has its own strengths and weaknesses, they all compete fiercely for business.
– Toyo Ink SC Holdings Co Ltd ($TSE:4634)
With a market cap of 100.51B as of 2022, Toyo Ink SC Holdings Co Ltd has a Return on Equity of 4.78%. The company is a leading manufacturer of inks, pigments, and other related products for a wide range of industries. Its products are used in everything from packaging and printing to electronics and automotive applications. The company has a strong presence in Asia, North America, and Europe, and is continually expanding its operations to meet the growing demand for its products.
– Inabata & Co Ltd ($TSE:8098)
Inabata & Co Ltd is one of the leading global trading companies with a market cap of 136.72B as of 2022. The company has a Return on Equity of 9.53%. Inabata & Co Ltd is engaged in the import and export of a wide range of products, including chemicals, plastics, metals, and food products. The company has a strong presence in Japan, Asia, and the Americas. Inabata & Co Ltd has a long history of successful operation and is a trusted partner for many global companies.
– Yuan Jen Enterprises Co Ltd ($TWSE:1725)
Yuan Jen Enterprises Co Ltd is a company that manufactures and sells electronic products. The company has a market cap of 3.33B as of 2022 and a return on equity of 4.92%. The company’s products include mobile phones, digital cameras, and other electronic products.
Summary
Avient Corporation is an attractive investment option for moderate-risk investors due to its favorable stock price. Five research firms have assigned Avient a “Moderate Buy” recommendation, with a target price of $43.83. Analysts are confident in the short-term performance of the stock and are optimistic about its long-term prospects.
Avient’s strong financials, well-diversified portfolio, and solid balance sheet make it a desirable investment option for conservative investors looking for steady returns. While the stock may be volatile in the short term, long-term investors should find Avient a valuable addition to their portfolio.
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