In a report released today, Kristen Owen from Oppenheimer maintained a Buy rating on Avient (AVNT – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $43.97.
Owen covers the Industrial Goods sector, focusing on stocks such as CNH Industrial, Agco, and Deere. According to TipRanks, Owen has an average return of 19.5% and a 73.91% success rate on recommended stocks.
In addition to Oppenheimer, Avient also received a Buy from Stifel Nicolaus’s Vincent Anderson in a report issued on February 17. However, on February 23, Morgan Stanley maintained a Hold rating on Avient (NYSE: AVNT).
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AVNT market cap is currently $4B and has a P/E ratio of 26.54.
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PolyOne Corp. engages in the business of thermoplastic compounds. It specializes in polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. The firm is also involved in the development and manufacturing of performance enhancing additives, liquid colorants, fluoropolymers and silicone colorants. It operates through the following segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, speciality inks, plasticols, and vinyl slush molding solutions. The Specialty Engineered Materials segment makes polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. The Distribution segment distributes engineering and commodity grade resins, including PolyOne-produced solutions, principally to the North American, Central American, and Asian markets. The firm’s products include polymer distribution, screen printing inks, and thermoplastic elastomers. Its services include IQ design and color services. The company was founded on August 31, 2000 and is headquartered in Avon Lake, OH.
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