Avient Corp (NYSE: AVNT) has reported earnings for its third fiscal quarter (ending September 30) of $0.42 versus $0.06 for the same period a year ago — an increase of 600%. For the latest four quarters through September 30, E.P.S. were $1.63 versus $0.34 for the same period a year ago — an increase of 379%.
Recent Price Action
Avient Corp (NYSE: AVNT) stock closed at $46.61 on 10/31/24 after a decline of -3.9%. Moreover, trading volume in this decline was exceptionally high at 238% of normal. The stock has declined -2.6% during the last week but has been strong relative to the market over the last nine months.
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). 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 62 and a good Power Rating of 76, triggering 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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