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.
Several price targets were given for AVT by the analysts covering the stock. The most optimistic analyst gave a price target of 48, implying potential capital gains of 24.74 percent. The minimum price target given was 31, which equates to a potential downside of -19.44 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -8.38 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of AVT's earnings is estimated by analysts to be 29.28 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. AVT has a PEG ratio of 0.53.
In the trailing 52-weeks, AVT hit 51.50 at the highest peak, while it's lowest trading point was 35.96. The current market price is above the trailing year's low by 7.01 percent, and 25.28 percent lower than its 52-week high. 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 market cap of AVT is $4.84 billion. AVT's next earnings release will be on 0000-00-00, which is days away.