Avnet (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 (AVT) : The consensus price target for Avnet (AVT) is $44.2 for the short term with a standard deviation of $2.59. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $47, however, the pessimist price target for the company is $42.
Shares of Avnet, Inc. rose by 0.41% in the last five trading days and 2.62% for the last 4 weeks. Avnet, Inc. is up 4.25% in the last 3-month period. Year-to-Date the stock performance stands at -2.23%. Avnet (NYSE:AVT): stock turned positive on Tuesday. Though the stock opened at $41.77, the bulls momentum made the stock top out at $41.98 level for the day. The stock recorded a low of $41.5 and closed the trading day at $41.54, in the green by 0.10%. The total traded volume for the day was 581,081. The stock had closed at $41.5 in the previous days trading.
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.