Is Avient (AVNT) Stock Outpacing Its Basic Materials Peers This Year?

Company Performance - Avient (AVNT) has returned 0.5% year-to-date, outperforming the Basic Materials sector, which has returned an average of -3.3% [2] - Over the past 90 days, the Zacks Consensus Estimate for Avient's full-year earnings has increased by 0.1%, indicating improved analyst sentiment and earnings outlook [2] - Avient is currently ranked 2 (Buy) in the Zacks Rank system, suggesting it has characteristics that may allow it to beat the market in the near term [1] Industry Context - Avient is part of the Chemical - Diversified industry, which consists of 29 companies and currently ranks 170 in the Zacks Industry Rank [3] - The Chemical - Diversified industry has experienced an average loss of about 5.8% year-to-date, indicating that Avient is performing better than its peers in this specific industry [3] - Another company in the Basic Materials sector, Kronos Worldwide (KRO), has shown a year-to-date return of 13.8% and also holds a Zacks Rank of 2 (Buy) [2][3]