Avient Corp (NYSE: AVNT) has reported E.P.S. of $0.54 for its first fiscal quarter (ending March 31) versus $0.23 for the same period a year ago — an increase of 135%. Relative to the consensus estimate of $0.77, this was a shortfall of $-0.23. For the latest four quarters through March 31, E.P.S. were $1.14 compared to $0.43 a year ago — an increase of 165%.
Recent Price Action
Avient Corp (NYSE: AVNT) stock enjoyed a large increase of 4.2% on 5/7/24. The stock closed at $46.32. Moreover, this advance was accompanied by unusually high trading volume at 192% of normal. The stock has been strong relative to the market over the last nine months and has risen 7.0% during the last week.
Current PriceTarget Research Rating
AVNT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Avient has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Avient has a slightly positive Appreciation Score of 61 and a slightly positive Power Rating of 63, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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