Avnet (NYSE:AVT) Analyst Rating Consensus

Avnet (NYSE:AVT) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.63 by 8 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Goldman Sachs upgrades its ratings on Avnet (NYSE:AVT). In the latest research report, Goldman Sachs raises the target price from $39 per share to $41 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on June 7, 2016.

Avnet (NYSE:AVT): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $46.33 in Avnet (NYSE:AVT). However, the stock price could fluctuate by $ 3.93 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $53 price target with the lower price estimate is calculated at $42

Avnet (NYSE:AVT) rose 0.56% or 0.24 points on Tuesday and made its way into the gainers of the day. After trading began at $42.85 the stock was seen hitting $43.33 as a peak level and $42.49 as the lowest level. The stock ended up at $43.05. The daily volume was measured at 1,000,767 shares. The 52-week high of the share price is $46.95 and the 52-week low is $36.415. The company has a market cap of $5,533 million.

Shares of Avnet, Inc. rose by 2.74% in the last five trading days and 10.13% for the last 4 weeks. Avnet, Inc. has dropped 3.36% during the last 3-month period . Year-to-Date the stock performance stands at 1.32%.

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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