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 highest price target was 48, which equates to a potential upside of 24.74 percent. The most pessimistic price target was 31, implying a possible loss of -19.44 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -8.38 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.54 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

AVT has an estimated earnings growth rate of 29.28 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at 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.

AVT has traded between a high of 51.50 and a low of 35.96 over the past year. Currently the stock is 7.01 percent higher than its low, and below the high by 25.28 percent. AVT has a P/E 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.