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Avnet, Inc. (NYSE:AVT) has been downgraded to Hold in a report by ValuEngine today.

Displaying a price of $37.00, Avnet, Inc. (NYSE:AVT) traded 0.30% higher on the day. With the last stock price down 3.85% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the date range. Avnet, Inc. has recorded a 50-day average of $39.33 and a two hundred day average of $39.08. Trade Volume was down over the average, with 802,012 shares of AVT changing hands under the typical 915,286

ValuEngine has downgraded Avnet, Inc. (NYSE:AVT) to Hold in a statement released on 06/02/2017.

Recent Performance Chart

Avnet, Inc. (NYSE:AVT)

Avnet, Inc. has a 52 week low of $35.67 and a one year high of $51.50 with a price-earnings ratio of 9.93 Avnet, Inc.’s market capitalization is currently $0.

In addition to ValuEngine reporting its stock price target, a total of 10 equity analysts have released a ratings update on AVT. The one year target is $44.00 with 1 firm rating the stock a strong buy, 2 analysts rating the company a buy, five analysts rating the company a hold, two equity analysts rating the company a underperform, and lastly one brokerage rating the company a sell.

General Company Details For Avnet, Inc. (NYSE:AVT)

Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The Company operates through Electronics Marketing (EM) segment. The EM segment markets and sells semiconductors; interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The Company creates a link in the technology supply chain that connects electronic component and computer product manufacturers and software developers with a customer base of original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), systems integrators (SIs), independent software vendors (ISVs) and value-added resellers (VARs). The Company distributes electronic components, computer products and software, as received from its suppliers or through a customized solution, and offers assembly and other services.

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