Extremely significant positive changes in Avient Corp (NYSE: AVNT) investment behavior have recently occurred: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted Avient Corp (NYSE: AVNT): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Avient has a slightly positive Appreciation Score of 61 and a good Power Rating of 83, with the Highest Value Trend Rating the result.
Recent Price Action
On 6/28/24, Avient Corp (NYSE: AVNT) stock increased 1.1%, closing at $43.65. Moreover, this advance was accompanied by exceptionally high trading volume at 433% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
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