Stifel Nicolaus downgraded Avnet Inc. (NYSE:AVT) from Buy to Hold in a report released today.
- Updated: September 20, 2016
Stifel Nicolaus has downgraded Avnet Inc. (NYSE:AVT) from Buy to Hold in a statement released on 9/20/2016.
Previously on Tuesday June 07, 2016, Goldman Sachs released a statement about Avnet Inc. (NYSE:AVT) increased the target price from $39.00 to $41.00. At the time, this indicated a possible downside of -0.01%.
Just yesterday Avnet Inc. (NYSE:AVT) traded 0.00% even at $41.89. The company’s 50-day moving average is $41.07 and its 200-day moving average is $41.60. With the last stock close price 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 period. Trading volume was down over the average, with 0 shares of AVT changing hands under the typical 1,076,320
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Avnet Inc. has a PE ratio of 11.02 with a one year low of $37.10 and a one year high of $46.95 Avnet Inc.’s market capitalization is presently $0.
In addition to Stifel Nicolaus reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $44.00 with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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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