Analyst Price Target Update on Avnet (NYSE:AVT)

Avnet (NYSE:AVT) stock has received a short term price target of $ 46.33 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.93. The higher estimate of target price is $53 , while the lower price target estimate is $42

Many analysts have stated their opinion on the company shares. Goldman Sachs upgrades their rating on the shares of Avnet (NYSE:AVT). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. Equity Analysts at the Firm raises the price target to $41 per share from $39 per share. The rating by the firm was issued on June 7, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, 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 (NYSE:AVT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.49 points or 1.16% at $41.73 with 1,047,842 shares getting traded. Post opening the session at $41.95, the shares hit an intraday low of $41.71 and an intraday high of $42.27 and the price was in this range throughout the day. The company has a market cap of $5,363 million and the number of outstanding shares have been calculated to be 128,515,224 shares. The 52-week high of Avnet (NYSE:AVT) is $46.95 and the 52-week low is $36.415.

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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