Analyst Ratings for Avnet Inc. (AVT)Updated: 2017-07-28
Avnet Inc. (NYSE:AVT) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, AVT was issued an average rating of Hold.
A buy rating was issued by 1 analysts, 0 gave an overweight rating, 6 issued a hold rating, 1 issued an underweight rating, and 3 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 1.
Investment analysts gave a few price targets for AVT. The most optimistic price target was 48, which equates to a potential upside of 24.74 percent. The most pessimistic analyst gave a price target of 31, which equates to a potential downside of -19.44 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -8.38 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -2.54 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of AVT to grow at a rate of 29.28 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. AVT has a PEG ratio of 0.53.
In the last 52-weeks, AVT has achieved a high of 51.50 and a low of 35.96. Today's price is 7.01 percent above the 52-week low, and below the high by 25.28 percent. AVT has a price/earnings ratio of 15.54. Investors typically compare the P/E ratio to a company's peers in the industry. The AVT value stock report compares AVT to some of its peers using value stock charts. The stock has a market capitalization of $4.84 billion. AVT will post this quarters earnings in days, on 0000-00-00.