Currently, there are 87.25M common shares owned by the public and among those 86.17M shares have been available to trade.
The company’s stock has a 5-day price change of 4.14% and -3.22% over the past three months. AVT shares are trading 2.37% year to date (YTD), with the 12-month market performance up to 15.93% higher. It has a 12-month low price of $43.62 and touched a high of $59.24 over the same period. AVT has an average intraday trading volume of 744.37K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.01%, -0.21%, and 1.62% respectively.
Institutional ownership of Avnet Inc (NASDAQ: AVT) shares accounts for 100.36% of the company’s 87.25M shares outstanding.
It has a market capitalization of $4.66B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 14.00, while the earnings-per-share (ttm) stands at $3.82. The company has a PEG of 2.31 and a Quick Ratio of 1.07 with the debt-to-equity ratio at 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.44% over the week and 2.17% over the month.
Earnings per share for the fiscal year are expected to decrease by -24.98%, and 48.20% over the next financial year. EPS should shrink at an annualized rate of 6.06% over the next five years, compared to 27.82% over the past 5-year period.
Looking at the support for the AVT, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on September 16, 2022, with the firm’s price target at $45-$35. JP Morgan coverage for the Avnet Inc (AVT) stock in a research note released on July 14, 2022 offered a Underweight rating with a price target of $46. BofA Securities was of a view on October 07, 2021 that the stock is Neutral, while Loop Capital gave the stock Buy rating on April 30, 2021, issuing a price target of $39- $53. Longbow on their part issued Buy rating on September 03, 2020.
