Brokerage Firm Rating Update on Avnet (AVT)

Avnet (AVT) : Zacks Investment Research ranks Avnet (AVT) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.63, which indicates as a Hold.

Avnet (AVT) : Average target price received by Avnet (AVT) is $44.2 with an expected standard deviation of $2.59. The most aggressive target on the stock is $47, whereas the most downbeat target is $42. 5 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Citigroup maintains its rating on Avnet (NYSE:AVT). As per the latest information, the brokerage house raises the price target to $37 per share from a prior target of $31. The shares have been rated Sell. The rating by the firm was issued on August 11, 2016.

Avnet (NYSE:AVT): The stock opened at $41.38 and touched an intraday high of $41.64 on Wednesday. During the day, the stock corrected to an intraday low of $41.25, however, the bulls stepped in and pushed the price higher to close in the green at $41.63 with a gain of 0.39% for the day. The total traded volume for the day was 707,132. The stock had closed at $41.47 in the previous trading session.

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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