9 Undervalued Chemical Stocks to Buy According to Hedge Funds

7. Avient Corporation (NYSE:AVNT)

Number of Hedge Fund Holders: 32

Forward PE Ratio: 13.93

Avient Corporation (NYSE:AVNT) is one of the best chemical stocks on our list.

TheFly reported on February 13 that Baird raised its price target on AVNT to $46 from $34 and maintained a Neutral rating on the stock. The update came after the company’s recent results, which showed continued strong execution across its operations.

On February 12, Avient Corporation (NYSE:AVNT) stated that it projects adjusted earnings per share (EPS) to climb between 4% and 12%, or $2.93 and $3.17, for the entire year 2026. Additionally, the estimate projects a free cash flow of more than $200 million and an adjusted EBITDA of $555 million to $585 million, or 2% to 7% growth. This forecast gives the business more alternatives for future capital deployment and, when combined with a healthy cash position on the balance sheet, essentially matches Wall Street’s expectations.

In more recent news, on February 16, AVNT Corporation reported that its Board of Directors declared a quarterly cash dividend of $0.275 per share on its common stock. Shareholders of record as of March 17, 2026, are expected to receive the dividend on April 3, 2026.

Avient Corporation (NYSE:AVNT) is a global provider of specialty polymers and colorants, delivering innovative, sustainable solutions across industries like packaging, automotive, and healthcare to enhance product performance and environmental responsibility.