Avnet (NYSE:AVT) target reduced to $44.00, reported today by Stifel
- Updated: September 20, 2016
In a report issued 9/20/2016 Stifel dropped the price target of Avnet (NYSE:AVT)from $47.00 to $44.00 reporting a possible upsideof 0.05%.
Previously on 6/07/2016, Goldman Sachs released a statement for Avnet (NYSE:AVT) upped the target price from $39.00 to $41.00 that suggested a downside of -0.01%.
Yesterday Avnet (NYSE:AVT) traded 0.00% even at $41.89. AVT’s 50-day average is $41.07 and its 200-day moving average is $41.60. The last closing price is up 0.70% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 0 shares of AVT traded hands, down from an average trading volume of 1,076,320
Avnet has a 52 week low of $37.10 and a one year high of $46.95 with a P/E ratio of 11.0200Avnet’s market capitalization is presently $0.
Also covering Avnet's target, a total of 10brokerages have issued a ratings update on the stock. The consensus target price is $44.00 with one analyst rating the company a strong buy, 2 analysts rating the company a buy, 5 firms rating the stock a hold, two analysts rating the company a underperform, and lastly 1 analyst rating the company a sell.
About Avnet (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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