Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Avient Corp (NYSE: AVNT) improved of late. AVNT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Avient Corp (NYSE: AVNT) stock closed at $41.34 on 3/8/24 after a slight gain of 0.2%. However, unusually low trading volume at 51% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AVNT is expected to continue to be a Value Builder.
Avient has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Avient has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 46, producing the Neutral Value Trend Rating.
Be the first to comment