Alert: Positive Investment/Fundamental Signals (12/15/23)-Avient Corp (NYSE: AVNT)


Avient Corp (NYSE: AVNT). Extremely important positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Avient Corp (NYSE: AVNT). Slight positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, AVNT is expected to continue to be a modest Value Builder.

Avient has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Avient has a good Appreciation Score of 71 but a slightly negative Power Rating of 33, leading to the Neutral Value Trend Rating.

Recent Price Action

On 12/15/23, Avient Corp (NYSE: AVNT) stock rose modestly by 0.4%, closing at $39.52. Moreover, this advance was accompanied by exceptionally high trading volume at 271% of normal. The stock has performed in line with the market over the last nine months and has risen 9.1% during the last week.

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