Cross Research downgraded Avnet Inc. (NYSE:AVT) from Hold to Sell in a report released today.
- Updated: September 19, 2016
Displaying a price of $41.89, Avnet Inc. (NYSE:AVT) traded 0.00% even on the day. With the last stock close up 0.70% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has logged a 50-day average of $41.07 and 200-day average of $41.60. Trading volume was was down over the average, with 0 shares of AVT changing hands under the typical 1,076,320 shares.
Cross Research has downgraded Avnet Inc.(NYSE:AVT) from Hold to Sell in a statement released Tuesday September 20 2016.
Previously on 6/07/2016, Goldman Sachs released a statement for Avnet Inc.(NYSE:AVT) upped the target price from $39.00 to $41.00. At the time, this suggested a downside of -0.01%.
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Also covering Avnet Inc.’s target price, a total of 10 brokerages have issued a research note on Avnet Inc.. The average target is $44.00 with one analyst rating the company a strong buy, two analysts rating the stock a buy, five analysts rating the stock a hold, two brokerages rating the stock to underperform, and lastly one firm rating the company as sell.
With a total market value of $0.0, Avnet Inc. has a one-year low of $37.10 and a one-year high of $46.95 with a price-earnings ratio of 11.
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, and Australia and New Zealand (Asia).
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