Analyst Rating Update on Avnet (AVT)

Avnet (NYSE:AVT) has an average broker rating of 2.63, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Avnet (NYSE:AVT) : 5 investment research analysts covering Avnet (NYSE:AVT) have an average price target of $45 for the near short term. The highest target price given by the Brokerage Firm to the stock is $48 and the lowest target is $42 for the short term. Analysts expect the variance to be within $2.45 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs upgrades its view on Avnet (NYSE:AVT) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. Goldman Sachs raises the price target from $39 per share to $41 per share on Avnet . The rating by the firm was issued on June 7, 2016.

Avnet (NYSE:AVT): stock turned positive on Tuesday. Though the stock opened at $39.34, the bulls momentum made the stock top out at $40.22 level for the day. The stock recorded a low of $39.18 and closed the trading day at $39.68, in the green by 1.95%. The total traded volume for the day was 1,018,815. The stock had closed at $38.92 in the previous days trading.

In an insider trading activity, Miller Maryann G., officer (Senior Vice President) of Avnet Inc, unloaded 9,562 shares at an average price of $42.45 on September 9, 2015. The total amount of the transaction was worth $405,907, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

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