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Avnet Inc. (NYSE:AVT) target bumped down to $35.00, released a ratings update earlier today by Citigroup

Avnet Inc. (NYSE:AVT) had its price target dropped to $35.00 by Citigroup in a report released Thursday September 22, 2016. The bumped down target indicates a possible downside of -0.15% from the company's previous stock price.

Previously on 9/20/2016, Stifel reported about Avnet Inc. (NYSE:AVT) reduced the target price from $47.00 to $44.00 that suggested an upside of 0.05%.

Showing a price of $41.09, Avnet Inc. (NYSE:AVT) traded 0.68% higher on the day. The last closing price is down -0.97% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $41.08 and a 200-day moving average of $41.57. 154,270 shares of Avnet Inc. exchanged hands, down from an avg. volume of 1,093,250

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Avnet Inc. (NYSE:AVT)

Avnet Inc. has one year low of $37.10 and a one year high of $46.95 with a price-earnings ratio of 10.83 and has a market cap of $0.

Also covering Avnet Inc.'s price target, a total of 10 brokerages have released a ratings update on AVT. The 12-month price target is $44.00 with 1 firm rating the stock a strong buy, 2 brokerages rating the stock a buy, 5 brokers rating the stock a hold, two analysts rating the company a underperform, and lastly 1 brokerage rating the company a sell.

More About Avnet Inc. (NYSE:AVT)

Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology solutions and services, and embedded subsystems. The Company operates through two segments: Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and solutions from the technology manufacturers and software developers. It also provides hard disk drives, microprocessor, motherboard and dynamic random access memory module technologies to manufacturers of general-purpose computers and system builders. It has operations in the Americas; Europe, the Middle East and Africa (EMEA), and Asia/Pacific, consisting of Asia, Australia and New Zealand (Asia).

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