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. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials; and long glass and carbon fiber technology, and thermoset and thermoplastic composites. The Distribution segment distributes approximately 4,000 grades of engineering and commodity grade resins to custom injection molders and extruders. The company sells its products through direct sales personnel, distributors, and commissioned sales agents. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. Avient Corporation was founded in 1885 and is headquartered in Avon Lake, Ohio.
IPO Year:
Exchange: NYSE
Website: avient.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | Buy → Neutral | Seaport Research Partners | |
| 8/7/2024 | $49.00 → $52.00 | Hold → Buy | Deutsche Bank |
| 11/6/2023 | $46.00 → $37.00 | Buy → Hold | Deutsche Bank |
| 2/16/2023 | $50.00 | Perform → Outperform | Oppenheimer |
| 10/17/2022 | $40.00 | Buy | Deutsche Bank |
| 9/28/2022 | Outperform → Perform | Oppenheimer | |
| 1/11/2022 | $57.00 → $63.00 | Equal-Weight | Morgan Stanley |
| 12/10/2021 | $62.00 → $65.00 | Overweight | Wells Fargo |
CLEVELAND, Nov. 4, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, will host an Investor Day for the investment community on Wednesday, December 4, 2024, beginning at 10:00 a.m. Eastern Time at the New York Stock Exchange (NYSE). "I am looking forward to the opportunity to share the details of our strategic approach for the next chapter of Avient," said Dr. Ashish Khandpur, President and Chief Executive Officer of Avient Corporation. "Our strategy is focused on delivering growth with margin expansion b
Third quarter sales increased 8% over the prior year quarter to $815 million supported by broad-based growth across all regions and most end marketsThird quarter GAAP EPS from continuing operations of $0.41 compared to $0.06 in the prior year quarterThird quarter adjusted EPS of $0.65 exceeded guidance of $0.62 and increased 14% over prior year quarter, driven by organic revenue growth and margin expansion in both segments, as well as lower interest expense2024 full-year adjusted EPS guidance range narrowed to $2.63 to $2.67, from prior guidance range of $2.55 to $2.70; Revised guidance reflects 11% to 13% growth in adjusted EPS over the prior yearIncreased dividend 5% to $1.08, on an annual
CLEVELAND, Oct. 9, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-seven cents ($0.27) per share on the common stock outstanding, representing the fourteenth consecutive annual increase. The $0.27 per share will be paid on January 8, 2025, to stockholders of record on December 13, 2024. On an annualized basis, the dividend will increase approximately 5%, from $1.03 to $1.08 per share on the common stock outstanding. "We are plea
CLEVELAND, Oct. 3, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its third quarter 2024 earnings before the market opens on Thursday, October 31, 2024. The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Thursday, October 31, 2024. The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here. Conference call participants in the question and answer session should pre-register using the link at avient.com/in
Sends Letter to Shareholders Reiterating Why Voting for Both Politan's "Highly Credible and Capable" Nominees Is Essential in Order to Safeguard Shareholder Value and Realize Masimo's Potential Highlights Key Facts Brought to Light During Discovery Process and Remains Confident That Masimo's Frivolous Legal Claims and Efforts to Reject Politan's Nomination Notice Will Be Defeated Shareholders Can Vote for Politan's Independent Nominees, Darlene Solomon and William Jellison, on the WHITE Card and Can Visit www.AdvanceMasimo.com for Further Information Politan Capital Management (together with its affiliates, "Politan"), an 8.9% shareholder of Masimo Corporation ("Masimo" or the "Compan
CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT) ("Avient") today announced the pricing of its previously announced offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The notes will bear interest at an annual rate of 6.250% and will be issued at a price of 100.000% of their principal amount. The closing of the notes offering is expected to occur on September 19, 2024, subject to customary closing conditions.
CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT) ("Avient") today announced the commencement of an offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). Avient intends to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 5.75% senior notes due 2025 (the "2025 senior notes") and pay related fees and expenses. The notes will be offered only to persons reason
Second quarter sales grew to $850 million, a 3% increase over the prior year quarter and a 5% organic increase when excluding the impact of foreign exchangeSecond quarter GAAP EPS from continuing operations of $0.36 compared to $0.24 in the prior year quarterSecond quarter adjusted EPS of $0.76 exceeded guidance of $0.71 and increased 21% over prior year quarter, driven by organic revenue growth in all regions, favorable input costs and lower interest expenseIncreasing 2024 full-year adjusted EPS guidance range to $2.55 to $2.70, from prior guidance of $2.50 to $2.65 given strong second quarter results; Revised guidance reflects 8% to 14% growth in adjusted EPS over the prior year2023 Sustai
CLEVELAND, July 11, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on the common stock outstanding, to be paid on October 9, 2024, to stockholders of record on September 13, 2024. About Avient Avient Corporation (NYSE:AVNT) provides specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better wo
CLEVELAND, July 9, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its second quarter 2024 earnings before the market opens on Tuesday, August 6, 2024. The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Tuesday, August 6, 2024. The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here. Conference call participants in the question and answer session should pre-register using the link at avient.com/investo
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Sends Letter to Masimo Shareholders and Releases 160-Page Investor Presentation Urges Shareholders to Help Deliver Immediate Change by Voting for Both of Politan's Independent and Ideally Qualified Nominees Darlene Solomon and William Jellison on the WHITE Card Shareholders Can Visit www.AdvanceMasimo.com for Further Information Politan Capital Management (together with its affiliates, "Politan"), an 8.9% shareholder of Masimo Corporation ("Masimo" or the "Company") (NASDAQ:MASI), today sent a letter to the Company's shareholders outlining why a majority of truly independent directors are urgently needed in the Masimo boardroom. Politan also released a detailed investor presentation m
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
Robert M. Patterson to Remain in an Advisory Role Until His Retirement on May 31, 2024 Richard H. Fearon Appointed Non-Executive Chairman of the Board CLEVELAND, Nov. 13, 2023 /PRNewswire/ -- Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable material solutions, today announced that its Board of Directors has unanimously voted to elect Dr. Ashish K. Khandpur as President and Chief Executive Officer, effective December 1, 2023. In connection with this appointment, the Board has elected Richard H. Fearon, Lead Independent Director, as Non-Executive Chairman of the Board, also effective December 1, 2023.
X-Energy Reactor Company, LLC ("X-energy" or the "Company"), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Gregory J. Goff to the Company's Board of Directors (the "Board"), effective immediately. Mr. Goff currently serves on the boards of Exxon Mobil Corporation (NYSE:XOM) ("Exxon") and Avient Corporation (NYSE:AVNT) ("Avient"). Mr. Goff is also the founder and president of G&S Energy, a company focused on creating businesses in the energy sector, and GJG Development, a real estate development company. Previously, Mr. Goff served as the Executive Vice Chairman of Marathon Petroleum Corp
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Cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA: 1BUP) reported its financial results on Monday for the second quarter ended May 31, 2024. The British Columbia-based company said in a press release that it has achieved "significant financial milestones driven by strategic international expansion and operational improvements." Q2 2024 Financial Highlights Gross revenue increased by 5% reaching CA$9.4 million ($6.8 million) compared to the second quarter of 2023, while net revenue rose by 4% over the same period to CA$8.3 million, demonstrating sustained growth driven by robust international demand. International sales rose 26% year-over-year to reach a record CA
Avient (NYSE:AVNT) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 1 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $51.0, a high estimate of $53.00, and a low estimate of $49.00. Surpassing the previous average price target of $47.25
Wells Fargo analyst Michael Sison maintains Avient (NYSE:AVNT) with a Overweight and raises the price target from $50 to $52.
Stifel analyst Vincent Anderson maintains Avient (NYSE:AVNT) with a Buy and raises the price target from $49 to $53.
Avient (NYSE:AVNT) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.69 by 10.14 percent. The company reported quarterly sales of $829.000 million which beat the analyst consensus estimate of $818.433 million by 1.29 percent. This is a 1.97 percent decrease over sales of $845.700 million the same period last year.
Oppenheimer analyst Kristen Owen maintains Avient (NYSE:AVNT) with a Outperform and raises the price target from $45 to $49.
Canadian cannabis producer Avant Brands Inc (OTCQX:AVTBF) (TSX:AVNT)(FRA:1BU0) reported its financial results on Monday for the first quarter that ended Feb. 29, 2024. For the quarter, Avant Brands reported "records across key financial metrics, underscoring the company’s commitment to operational excellence," according to a Monday press release. International sales hit a record of CA$3.3 million ($2.4 million), representing a 21% year-over-year increase, with sales accounting for 37% of total gross revenue. The company attributed the growth to its aggressive market penetration in "key regions," including Australia, Germany and Israel. As another earnings season wraps up, financial
Wells Fargo analyst Michael Sison maintains Avient (NYSE:AVNT) with a Overweight and raises the price target from $45 to $50.
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Third quarter sales increased 8% over the prior year quarter to $815 million supported by broad-based growth across all regions and most end marketsThird quarter GAAP EPS from continuing operations of $0.41 compared to $0.06 in the prior year quarterThird quarter adjusted EPS of $0.65 exceeded guidance of $0.62 and increased 14% over prior year quarter, driven by organic revenue growth and margin expansion in both segments, as well as lower interest expense2024 full-year adjusted EPS guidance range narrowed to $2.63 to $2.67, from prior guidance range of $2.55 to $2.70; Revised guidance reflects 11% to 13% growth in adjusted EPS over the prior yearIncreased dividend 5% to $1.08, on an annual
CLEVELAND, Oct. 9, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-seven cents ($0.27) per share on the common stock outstanding, representing the fourteenth consecutive annual increase. The $0.27 per share will be paid on January 8, 2025, to stockholders of record on December 13, 2024. On an annualized basis, the dividend will increase approximately 5%, from $1.03 to $1.08 per share on the common stock outstanding. "We are plea
CLEVELAND, Oct. 3, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its third quarter 2024 earnings before the market opens on Thursday, October 31, 2024. The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Thursday, October 31, 2024. The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here. Conference call participants in the question and answer session should pre-register using the link at avient.com/in
CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT) ("Avient") today announced the pricing of its previously announced offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The notes will bear interest at an annual rate of 6.250% and will be issued at a price of 100.000% of their principal amount. The closing of the notes offering is expected to occur on September 19, 2024, subject to customary closing conditions.
CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT) ("Avient") today announced the commencement of an offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). Avient intends to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 5.75% senior notes due 2025 (the "2025 senior notes") and pay related fees and expenses. The notes will be offered only to persons reason
Second quarter sales grew to $850 million, a 3% increase over the prior year quarter and a 5% organic increase when excluding the impact of foreign exchangeSecond quarter GAAP EPS from continuing operations of $0.36 compared to $0.24 in the prior year quarterSecond quarter adjusted EPS of $0.76 exceeded guidance of $0.71 and increased 21% over prior year quarter, driven by organic revenue growth in all regions, favorable input costs and lower interest expenseIncreasing 2024 full-year adjusted EPS guidance range to $2.55 to $2.70, from prior guidance of $2.50 to $2.65 given strong second quarter results; Revised guidance reflects 8% to 14% growth in adjusted EPS over the prior year2023 Sustai
CLEVELAND, July 11, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on the common stock outstanding, to be paid on October 9, 2024, to stockholders of record on September 13, 2024. About Avient Avient Corporation (NYSE:AVNT) provides specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better wo
CLEVELAND, July 9, 2024 /PRNewswire/ -- Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, intends to release its second quarter 2024 earnings before the market opens on Tuesday, August 6, 2024. The company will then host a webcast with a slide presentation at 8:00 a.m. Eastern Time on Tuesday, August 6, 2024. The webcast can be viewed live at avient.com/investors, or by clicking on the webcast link here. Conference call participants in the question and answer session should pre-register using the link at avient.com/investo
CLEVELAND, May 16, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE:AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-five and three-quarters cents ($0.2575) per share on the common stock outstanding, to be paid on July 10, 2024, to stockholders of record on June 21, 2024. About Avient Avient Corporation (NYSE:AVNT) provides specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world. Exa
First quarter GAAP EPS from continuing operations of $0.54 compared to $0.23 in the prior year quarterFirst quarter adjusted EPS of $0.76 exceeded guidance of $0.68 primarily as a result of better-than-expected customer demand from defense applications and lower raw material costsFirst quarter adjusted EPS increased 21% over the prior year driven by improved margins from lower raw material costs and favorable mix, and lower net interest expenseRevised 2024 full-year adjusted EPS guidance range to $2.50 to $2.65, from prior guidance of $2.40 to $2.65 given strong first quarter results; Revised full-year guidance range reflects 6% to 12% growth in adjusted EPS over the prior yearCLEVELAND, May
Seaport Research Partners downgraded Avient from Buy to Neutral
Deutsche Bank upgraded Avient from Hold to Buy and set a new price target of $52.00 from $49.00 previously
Deutsche Bank downgraded Avient from Buy to Hold and set a new price target of $37.00 from $46.00 previously
Oppenheimer upgraded Avient from Perform to Outperform and set a new price target of $50.00
Deutsche Bank initiated coverage of Avient with a rating of Buy and set a new price target of $40.00
Oppenheimer downgraded Avient from Outperform to Perform
Morgan Stanley reiterated coverage of Avient with a rating of Equal-Weight and set a new price target of $63.00 from $57.00 previously
Wells Fargo reiterated coverage of Avient with a rating of Overweight and set a new price target of $65.00 from $62.00 previously
Morgan Stanley reiterated coverage of Avient with a rating of Equal-Weight and set a new price target of $57.00 from $45.00 previously
Morgan Stanley reiterated coverage of Avient with a rating of Equal-Weight and set a new price target of $45.00 from $42.00 previously