Wells Fargo analyst Michael Sison has maintained their bullish stance on AVNT stock, giving a Buy rating today.
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Michael Sison’s rating is based on Avient’s solid financial performance and strategic outlook. The company reported a slight earnings per share (EPS) beat for the fourth quarter of 2024, with a 4% year-over-year organic sales growth. Despite the challenges from foreign exchange impacts, Avient’s full-year and first-quarter 2025 earnings guidance aligned with market expectations. This stability in earnings is bolstered by strong sales performance in certain segments, which contributed to a positive outlook.
Furthermore, Avient’s guidance for 2025 reflects confidence in its ability to execute growth strategies, with expectations of a 6-16% year-over-year growth in adjusted EPS when excluding negative foreign exchange impacts. The company’s financial health is supported by a stable balance sheet, with a consistent net debt to EBITDA ratio and a healthy free cash flow. These factors, combined with positive macroeconomic drivers such as potential rate cuts and economic recovery in key regions, underlie Michael Sison’s Buy rating for Avient.
In another report released today, Deutsche Bank also maintained a Buy rating on the stock with a $50.00 price target.
AVNT’s price has also changed slightly for the past six months – from $45.270 to $42.950, which is a -5.12% drop .