Avient Corp (NYSE: AVNT) has reported E.P.S. of $0.06 for its third fiscal quarter (ending September 30) versus $-0.30 for the same period a year ago. This performance was $-0.51 short of the consensus estimate of $0.57. E.P.S. were $0.34 for the latest four quarters through September 30 versus $1.21 for the same period a year ago — a decline of -72%.
Recent Price Action
Avient Corp (NYSE: AVNT) stock closed at $31.89 on 11/2/23 after an increase of 1.4%. The stock has performed in line with the market over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
AVNT is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Avient has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Avient has a good Appreciation Score of 78 but a neutral Power Rating of 44, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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