Avient (AVNT) Receives a Buy from Wells Fargo

By Ryan Adsit

Wells Fargo analyst Allison Poliniak maintained a Buy rating on Avient (AVNTResearch Report) yesterday. The company’s shares closed last Thursday at $38.89, close to its 52-week high of $39.18.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 19.8% and a 72.7% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Avient with a $37.00 average price target.

See today’s analyst top recommended stocks >>

Avient’s market cap is currently $3.58B and has a P/E ratio of 5.80. The company has a Price to Book ratio of -5.20.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.