For its second fiscal quarter (ending June 30), Avient Corp (NYSE: AVNT) has reported a 54% increase in E.P.S. from $0.24 a year ago to $0.37 in the current quarter. Relative to the consensus estimate of $0.72, this was a shortfall of $-0.35. E.P.S. were $1.27 for the latest four quarters through June 30 versus $-0.02 for the same period a year ago.
Recent Price Action
Avient Corp (NYSE: AVNT) stock closed at $44.87 on 8/6/24 after a very large increase of 9.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 239% of normal. The stock is unchanged 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Avient has a slightly positive Appreciation Score of 63 and a good Power Rating of 81, with the Positive Value Trend Rating the result.
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.
Be the first to comment