Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Avnet Inc Market Cap
The Avnet Inc (AVT) share price is expected to increase by 4.68% over the next year. This is based on calculating the average 12-month share price estimate provided by 9 stock analysts who have covered AVT. Price targets range from $45 at the low end to $64 at the high end. The current analyst consensus for AVT is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 9 Wall Street analysts have assignedAVT 1 buy ratings, 5 hold ratings, and 3 sell ratings. This means that analysts expect Avnet Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on AVT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of AVT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| William Stein Truist Securities | Hold | $52 | Maintains | Aug 9, 2024 |
| Matthew Sheerin Stifel | Hold | $55 | Maintains | Aug 9, 2024 |
| Joseph Quatrochi Wells Fargo | Underweight | $45 | Maintains | Aug 9, 2024 |
| William Stein Truist Securities | Hold | $48 | Maintains | May 2, 2024 |
| Mark Delaney Goldman Sachs | Sell | $42 | Maintains | Feb 1, 2024 |
| William Stein Truist Securities | Hold | $50 | Maintains | Aug 17, 2023 |
| Matthew Sheerin Stifel | Hold | $50 | Maintains | Aug 17, 2023 |
| Joseph Quatrochi Wells Fargo | Underweight | $40 | Maintains | Aug 17, 2023 |
| Joseph Quatrochi Wells Fargo | Underweight | $37 | Maintains | May 4, 2023 |
| Joseph Quatrochi Wells Fargo | Underweight | $38 | Maintains | Feb 2, 2023 |
| Joseph Cardoso JP Morgan | Underweight | $47 | Maintains | Feb 2, 2023 |
| Jim Suva Citigroup | Neutral | $50 | Maintains | Feb 2, 2023 |
| Matthew Sheerin Stifel | Hold | $42 | Maintains | Oct 10, 2022 |
| Joseph Quatrochi Wells Fargo | Underweight | $35 | Downgrade | Sep 16, 2022 |
| Joseph Cardoso JP Morgan | Underweight | $46 | Initiates | Jul 14, 2022 |
| Jim Suva Citigroup | Neutral | $50 | Maintains | Jun 7, 2022 |
| Joseph Quatrochi Wells Fargo | Equal-Weight | $45 | Maintains | Jun 7, 2022 |
| William Stein Truist Securities | Hold | $41 | Maintains | Apr 8, 2022 |
| Melissa Fairbanks Raymond James | Strong Buy | $57 | Maintains | Jan 27, 2022 |
| Adam Tindle Raymond James | Strong Buy | $52 | Maintains | Aug 12, 2021 |
When did it IPO
N/A
Staff Count
15,800
Country
United States
Sector/Industry
Technology/Electronics & Computer Distribution
CEO
Mr. Philip R. Gallagher
Market Cap
$4.84B
In 2023, AVT generated $26.54B in revenue, which was a increase of 9.16% from the previous year. This can be seen as a signal that AVT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 12 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Avnet has secured a contract to supply smart ultrasonic water meters to South East Water, enhancing its position in the water management sector.
Why It Matters - Avnet's contract with South East Water indicates strong demand for its products, potentially boosting revenue and investor confidence in the company's growth prospects.
Thu, 05 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Twelve smaller financial institutions plan to raise dividends by an average of 7.6%. SCHD shows a 197% total return over the past decade, with BR and CSWC also performing well.
Why It Matters - Increased dividends from smaller institutions signal financial health, attracting income-focused investors. SCHD's strong returns highlight opportunities in dividend growth strategies.
Mon, 19 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Avnet expands its share repurchase authorization to $600 million and raises its dividend by 6%, signaling confidence in its financial position.
Why It Matters - Avnet's expanded share repurchase and dividend increase signal strong financial health and commitment to returning value, likely boosting investor confidence and stock performance.
Mon, 19 Aug 2024
Sentiment - POSITIVE
Source - Forbes
Summary - 3M declared a Q3 2024 dividend of $0.70 per share, payable on September 12, 2024, to shareholders recorded by August 26, 2024.
Why It Matters - The declared dividend reflects 3M's financial health and commitment to returning value to shareholders, influencing stock attractiveness and potential investment decisions.
Mon, 19 Aug 2024
Sentiment - POSITIVE
Source - 24/7 Wall Street
Summary - Companies that consistently raise their dividends are viewed as strong investment opportunities, according to 24/7 Wall St. Insights.
Why It Matters - Regular dividend increases signal financial health and profitability, attracting income-focused investors and potentially driving stock prices higher.
Thu, 15 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Avnet has appointed Ginnie Henkels and Helmut Gassel to its Board of Directors, enhancing its leadership team.
Why It Matters - New board appointments can signal strategic shifts, influence company direction, and impact governance, potentially affecting Avnet's performance and stock value.
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