Is Avient Corp (NYSE: AVNT) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Avient Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

Avient Corp is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. The current market capitalization of Avient Corp is $3.96B. A total of 0.38 million shares were traded on the day, compared to an average of 443.12K shares.

In the most recent transaction, Patterson Robert M bought 24,304 shares of AVNT for 34.55 per share on Nov 17 ’23. After the transaction, the Chairman, President & CEO now owns 610,897 company shares. In a previous transaction on Sep 06 ’23, Rathbun Joel R. sold 6,743 shares at 38.98 per share. AVNT shares that SVP, Mergers & Acquisitions owns now total 5,334.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Avient Corp pays an annual dividend of $1.01, resulting in a dividend yield of 2.33%, and it has a price to earnings (P/E) ratio of 52.67. AVNT’s most recent ex-dividend date was 3/18/2024 when it declared a $0.2570 quarterly dividend that was paid in cash on 4/5/2024. Previously, the company paid the dividend on 1/5/2024 with an ex-dividend date of 12/14/2023. The AVNT stock dividend was $0.2570 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AVNT has a high of $42.99 and a low of $27.73.

As of this writing, AVNT has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.68. The company reported an EPS of $0.57 in the last quarter, which was 1.80% higher than expectations of $0.56.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AVNT’s latest balance sheet shows that the firm has $601.20M in Cash & Short Term Investments as of fiscal 2021. There were $1.92B in debt and $940.60M in liabilities at the time. Its Book Value Per Share was $25.43, while its Total Shareholder’s Equity was $1.79B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVNT is Buy with a score of 4.43.

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