Will Investors Now Buy Avnet (NYSE:AVT) Stock Following Today’s, Longbow Research Upgrades?

January 20, 2018 - By Ellis Scott

  Will Investors Now Buy Avnet (NYSE:AVT) Stock Following Today’s, Longbow Research Upgrades?

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.15, from 0.84 in 2017Q2. It is positive, as 31 investors sold Avnet, Inc. shares while 107 reduced holdings. 45 funds opened positions while 91 raised stakes. 112.60 million shares or 3.41% less from 116.57 million shares in 2017Q2 were reported.

14,109 were accumulated by Argi Invest Svcs Lc. Mutual Of America Mngmt Ltd Limited Liability Company has 0.08% invested in Avnet, Inc. (NYSE:AVT). Hawk Ridge Mngmt L P stated it has 182,200 shares or 2.69% of all its holdings. Art Advisors Ltd Limited Liability Company owns 0.04% invested in Avnet, Inc. (NYSE:AVT) for 18,700 shares. holds 78 shares. Loring Wolcott & Coolidge Fiduciary Advsrs Limited Liability Partnership Ma reported 7 shares. Mitsubishi Ufj Tru & Banking Corporation accumulated 0.02% or 266,248 shares. Third Avenue Mngmt Ltd Com holds 0.02% or 13,379 shares. Bnp Paribas Asset Mgmt reported 6,219 shares. Carret Asset Mngmt Limited Liability Company reported 12,027 shares. Tudor Et Al invested in 0.04% or 44,695 shares. Jacobs Levy Equity Incorporated stated it has 0.06% in Avnet, Inc. (NYSE:AVT). Pnc Svcs Group Inc has 0% invested in Avnet, Inc. (NYSE:AVT) for 12,393 shares. Fdx Advsr Incorporated has 0.02% invested in Avnet, Inc. (NYSE:AVT) for 14,193 shares. 19,923 are owned by Dnb Asset Management As.

Since August 17, 2017, it had 0 insider buys, and 1 sale for $393,260 activity.

Avnet (NYSE:AVT) Stock Upgrade

Longbow Research upped shares of Avnet (NYSE:AVT) to a solid “Buy” rating from the previous “Neutral”. This change in rating was released in a report today.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.15, from 0.84 in 2017Q2. It is positive, as 31 investors sold Avnet, Inc. shares while 107 reduced holdings. 45 funds opened positions while 91 raised stakes. 112.60 million shares or 3.41% less from 116.57 million shares in 2017Q2 were reported.

14,109 were accumulated by Argi Invest Svcs Lc. Mutual Of America Mngmt Ltd Limited Liability Company has 0.08% invested in Avnet, Inc. (NYSE:AVT). Hawk Ridge Mngmt L P stated it has 182,200 shares or 2.69% of all its holdings. Art Advisors Ltd Limited Liability Company owns 0.04% invested in Avnet, Inc. (NYSE:AVT) for 18,700 shares. holds 78 shares. Loring Wolcott & Coolidge Fiduciary Advsrs Limited Liability Partnership Ma reported 7 shares. Mitsubishi Ufj Tru & Banking Corporation accumulated 0.02% or 266,248 shares. Third Avenue Mngmt Ltd Com holds 0.02% or 13,379 shares. Bnp Paribas Asset Mgmt reported 6,219 shares. Carret Asset Mngmt Limited Liability Company reported 12,027 shares. Tudor Et Al invested in 0.04% or 44,695 shares. Jacobs Levy Equity Incorporated stated it has 0.06% in Avnet, Inc. (NYSE:AVT). Pnc Svcs Group Inc has 0% invested in Avnet, Inc. (NYSE:AVT) for 12,393 shares. Fdx Advsr Incorporated has 0.02% invested in Avnet, Inc. (NYSE:AVT) for 14,193 shares. 19,923 are owned by Dnb Asset Management As.

Since August 17, 2017, it had 0 insider buys, and 1 sale for $393,260 activity.

Avnet, Inc. (NYSE:AVT) Ratings Coverage

Among 10 analysts covering Avnet Inc. (NYSE:AVT), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Avnet Inc. has $50 highest and $31 lowest target. $41’s average target is -5.27% below currents $43.28 stock price. Avnet Inc. had 30 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained the shares of AVT in report on Friday, October 27 with “Sell” rating. The stock of Avnet, Inc. (NYSE:AVT) earned “Sell” rating by Citigroup on Monday, May 1. The stock of Avnet, Inc. (NYSE:AVT) earned “Buy” rating by Longbow on Friday, October 21. The rating was downgraded by Longbow to “Neutral” on Friday, April 28. SunTrust maintained Avnet, Inc. (NYSE:AVT) on Thursday, October 26 with “Hold” rating. As per Wednesday, April 27, the company rating was initiated by Bank of America. The rating was upgraded by Longbow to “Buy” on Friday, January 19. The stock of Avnet, Inc. (NYSE:AVT) earned “Sell” rating by Citigroup on Thursday, September 22. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, January 5 report. The company was maintained on Wednesday, October 11 by SunTrust.

The stock increased 4.74% or $1.96 during the last trading session, reaching $43.28. About 1.54M shares traded or 74.87% up from the average. Avnet, Inc. (NYSE:AVT) has declined 4.87% since January 20, 2017 and is downtrending. It has underperformed by 21.57% the S&P500.

Analysts await Avnet, Inc. (NYSE:AVT) to report earnings on January, 25. They expect $0.72 earnings per share, down 6.49 % or $0.05 from last year’s $0.77 per share. AVT’s profit will be $87.07M for 15.03 P/E if the $0.72 EPS becomes a reality. After $0.76 actual earnings per share reported by Avnet, Inc. for the previous quarter, Wall Street now forecasts -5.26 % negative EPS growth.

Avnet, Inc., together with its subsidiaries, distributes electronic components worldwide. The company has market cap of $5.23 billion. The firm operates through two divisions, Electronic Components and Premier Farnell. It has a 10.68 P/E ratio. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

Another recent and important Avnet, Inc. (NYSE:AVT) news was published by Twst.com which published an article titled: “Avnet Inc.: Avnet Schedules Second Quarter Fiscal Year 2018 Earnings Announcement” on January 10, 2018.

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