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Earnings
Avient raises FY21 adjusted EPS view to $3.00 from $2.80, consensus $2.87 » 06:58
07/30/21
07/30
06:58
07/30/21
06:58
AVNT

Avient

$48.75 /

+0.81 (+1.69%)

Raises FY21 revenue view…

Raises FY21 revenue view to $4.6B-$4.7B from $4.3B, consensus $4.34B. Patterson added, "For the full year 2021, we are also increasing estimates and now expect revenues of approximately $4.6 to $4.7 billion and adjusted EPS of $3.00, a 55% increase over the prior year."

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AVNT Avient
$48.75 /

+0.81 (+1.69%)

AVNT Avient
$48.75 /

+0.81 (+1.69%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$48.75 /

+0.81 (+1.69%)

Earnings
Avient sees Q3 adjusted EPS 68c, consensus 63c » 06:55
07/30/21
07/30
06:55
07/30/21
06:55
AVNT

Avient

$48.75 /

+0.81 (+1.69%)

Sees Q3 revenue $1.15B,…

Sees Q3 revenue $1.15B, consensus $1.04B. Commenting on the company's 2021 outlook, Patterson said, "Demand continues to be strong and I remain confident in our team's ability to continue navigating the supply chain dynamics to ensure we deliver for our customers. We expect seasonality of the business to play out in the third quarter and estimate sales of $1.15 billion and adjusted EPS of $0.68. This represents sales and adjusted EPS growth of 24% and 48%, respectively, over the prior year third quarter."

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AVNT Avient
$48.75 /

+0.81 (+1.69%)

AVNT Avient
$48.75 /

+0.81 (+1.69%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$48.75 /

+0.81 (+1.69%)

Earnings
Avient reports Q2 adjusted EPS 87c, consensus 80c » 06:54
07/30/21
07/30
06:54
07/30/21
06:54
AVNT

Avient

$48.75 /

+0.81 (+1.69%)

Reports Q2 revenue…

Reports Q2 revenue $1.24B, consensus $1.11B. "I'm very pleased with our results as second quarter sales and adjusted EPS reached all-time highs driven by our portfolio of sustainable solutions and continued strong demand conditions," said Robert Patterson, chairman, president and CEO, Avient Corporation. "In addition, it has been just over a year since we acquired Clariant Masterbatch and we became Avient. Our first year of integration has been a tremendous success."

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AVNT Avient
$48.75 /

+0.81 (+1.69%)

AVNT Avient
$48.75 /

+0.81 (+1.69%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$48.75 /

+0.81 (+1.69%)

Hot Stocks
Avient acquires Magna Colours for $48M » 06:03
07/01/21
07/01
06:03
07/01/21
06:03
AVNT

Avient

$49.20 /

+0.99 (+2.05%)

Avient announced it has…

Avient announced it has acquired Magna Colours for $48M. The MagnaColours materials will join Avient's existing specialty inks portfolio, alongside brands such as Wilflex and Rutland. Founded in 1978 and based in Barnsley, United Kingdom, Magna has pioneered the development of next-generation water-based ink technology that provides solutions for brands and screen printers.

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AVNT Avient
$49.20 /

+0.99 (+2.05%)

AVNT Avient
$49.20 /

+0.99 (+2.05%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$49.20 /

+0.99 (+2.05%)

Conference/Events
Avient management to meet virtually with Seaport Global » 04:55
06/29/21
06/29
04:55
06/29/21
04:55
AVNT

Avient

$48.35 /

-0.88 (-1.79%)

Virtual Meeting to be…

Virtual Meeting to be held on June 29 hosted by Seaport Global.

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AVNT Avient
$48.35 /

-0.88 (-1.79%)

AVNT Avient
$48.35 /

-0.88 (-1.79%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$48.35 /

-0.88 (-1.79%)

Conference/Events
Avient management to meet virtually with Seaport Global » 14:52
06/28/21
06/28
14:52
06/28/21
14:52
AVNT

Avient

$48.22 /

-1.01 (-2.05%)

Virtual Meeting to be…

Virtual Meeting to be held on June 29 hosted by Seaport Global.

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AVNT Avient
$48.22 /

-1.01 (-2.05%)

AVNT Avient
$48.22 /

-1.01 (-2.05%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$48.22 /

-1.01 (-2.05%)

Over a quarter ago
Hot Stocks
Avient appoints Vinod Purayath as Chief Technology Officer » 08:09
06/01/21
06/01
08:09
06/01/21
08:09
AVNT

Avient

$51.99 /

+0.02 (+0.04%)

Avient has announced that…

Avient has announced that Vinod Purayath has joined the company as Senior Vice President and Chief Technology Officer. With nearly 20 years of experience in R&D and scientific leadership, Purayath joins Avient to lead the development of emerging, next-generation and sustainable technologies globally for the company. A business leader with a technical, entrepreneurial mindset, Purayath has achieved global success in materials development, with a particular emphasis on semiconductor and digital memory applications. At SanDisk Corporation, he held technical and engineering leadership positions over an eight-year period, building and leading a global team of engineers, whose success underpinned the growth of the company. Dr. Purayath later joined Applied Materials, as the technology leader for its new Selective Removal Products business, and most recently served as Vice President, Process Technology for SunRise Memory.

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AVNT Avient
$51.99 /

+0.02 (+0.04%)

05/03/21 Wells Fargo
Avient price target raised to $60 from $55 at Wells Fargo
05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
AVNT Avient
$51.99 /

+0.02 (+0.04%)

AVNT Avient
$51.99 /

+0.02 (+0.04%)

Recommendations
Avient price target raised to $60 from $55 at Wells Fargo » 07:44
05/03/21
05/03
07:44
05/03/21
07:44
AVNT

Avient

$50.66 /

+0.52 (+1.04%)

Wells Fargo analyst…

Wells Fargo analyst Michael Sison raised the firm's price target on Avient to $60 from $55 and keeps an Overweight rating on the shares. The analyst notes the company is "running on all cylinders" with better performance from the Clariant transaction expecting more integration synergies and stronger organic growth in GSEM. Sison believes Avient's accelerating growth profile and increasing returns and margins should drive further multiple expansion. Furthermore, he expects the company's Specialty Engineered Materials business to benefit from the reopening of the economy and acceleration of the industrial recovery through the second half of 2021 coupled with upside from Clariant given synergy capture increased to $45M versus $35M.

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AVNT Avient
$50.66 /

+0.52 (+1.04%)

05/03/21 Baird
Avient price target raised to $61 from $46 at Baird
03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
02/10/21 Oppenheimer
Avient price target raised to $50 from $37 at Oppenheimer
AVNT Avient
$50.66 /

+0.52 (+1.04%)

AVNT Avient
$50.66 /

+0.52 (+1.04%)

Recommendations
Avient price target raised to $61 from $46 at Baird » 06:51
05/03/21
05/03
06:51
05/03/21
06:51
AVNT

Avient

$50.66 /

+0.52 (+1.04%)

Baird analyst Ben Kallo…

Baird analyst Ben Kallo raised the firm's price target on Avient to $61 from $46 and keeps an Outperform rating on the shares. The analyst said Q1 results came in above consensus and guidance was raised. He said the company's execution remains solid as leveraged declines and business fundamentals improve.

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AVNT Avient
$50.66 /

+0.52 (+1.04%)

03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
02/10/21 Oppenheimer
Avient price target raised to $50 from $37 at Oppenheimer
02/10/21 Wells Fargo
Avient price target raised to $50 from $44 at Wells Fargo
AVNT Avient
$50.66 /

+0.52 (+1.04%)

AVNT Avient
$50.66 /

+0.52 (+1.04%)

Earnings
Avient raises FY21 adjusted EPS view to $2.80 from $2.40, consensus $2.45 » 06:57
04/30/21
04/30
06:57
04/30/21
06:57
AVNT

Avient

$50.16 /

-0.27 (-0.54%)

Raises FY21 revenue view…

Raises FY21 revenue view to $4.3B from up 8%, consensus $4.12B. Patterson added, "We are also increasing our full year 2021 estimates and now expect revenues of approximately $4.3 billion and adjusted EPS of $2.80, a 45% increase over the prior year. As companies report their earnings this year and compare to 2020, there will be many examples of significant growth being delivered. This is the case for Avient as well, but what further differentiates us, is that in 2020 our EPS also grew 11% vs. 2019. Our EPS projections for 2021 are 61% higher than 2019 because of the resiliency of our portfolio, the end markets we serve and how we have executed during these challenging times."

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AVNT Avient
$50.16 /

-0.27 (-0.54%)

03/25/21 Wells Fargo
Avient price target raised to $55 from $50 at Wells Fargo
02/10/21 Stifel
Avient upgraded to Buy from Hold at Stifel
02/10/21 Oppenheimer
Avient price target raised to $50 from $37 at Oppenheimer
02/10/21 Wells Fargo
Avient price target raised to $50 from $44 at Wells Fargo
AVNT Avient
$50.16 /

-0.27 (-0.54%)

AVNT Avient
$50.16 /

-0.27 (-0.54%)

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