Avnet (NASDAQ:AVT – Get Rating) had its target price upped by Zacks Investment Research to $50.25 in a research note issued on Thursday, 24/7 WallStreet reports. Zacks Investment Research‘s target price points to a potential upside of 3.82% from the company’s previous close.
A number of other research analysts also recently weighed in on AVT. Wells Fargo & Company upped their price target on Avnet from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Citigroup boosted their price objective on Avnet from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Truist Financial decreased their price objective on Avnet from $45.00 to $41.00 and set a “hold” rating for the company in a report on Friday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Avnet presently has a consensus rating of “Hold” and a consensus target price of $47.71.
Shares of NASDAQ:AVT opened at $48.40 on Thursday. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.02 and a quick ratio of 1.12. The business’s 50-day moving average is $43.54 and its 200-day moving average is $41.59. Avnet has a 1 year low of $35.71 and a 1 year high of $50.19.
In other Avnet news, Director William H. Schumann sold 3,856 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $45.20, for a total transaction of $174,291.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Duncker Streett & Co. Inc. purchased a new stake in shares of Avnet in the fourth quarter worth $25,000. Confluence Wealth Services Inc. bought a new position in Avnet in the fourth quarter valued at $27,000. Quantbot Technologies LP bought a new position in Avnet in the first quarter valued at $38,000. Ellevest Inc. increased its stake in Avnet by 168.7% in the fourth quarter. Ellevest Inc. now owns 986 shares of the company’s stock valued at $41,000 after acquiring an additional 619 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Avnet by 163.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,216 shares of the company’s stock valued at $50,000 after acquiring an additional 755 shares during the last quarter. Institutional investors own 96.44% of the company’s stock.
About Avnet (Get Rating)
Avnet, Inc, a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers.
- Get a free copy of the StockNews.com research report on Avnet (AVT)
- Inflation, An Economic Winter Is Approaching
- Now’s The Time To Buy MongoDB (NASDAQ: MDB)
- Chargepoint’s Stock Could Benefit from High Energy Prices
- Is It Too Late For Energy Stocks?
- MarketBeat Podcast: Get Your Mindset Right To Invest In The Current Market
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Avnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avnet and related companies with MarketBeat.com's FREE daily email newsletter.