Positive Press Coverage Somewhat Unlikely to Impact Avnet (AVT) Stock Price

News stories about Avnet (NYSE:AVT) have been trending positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avnet earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.8274012023944 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

NYSE:AVT opened at $42.72 on Friday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.08 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.58. Avnet has a fifty-two week low of $35.67 and a fifty-two week high of $44.85.

Avnet (NYSE:AVT) last released its earnings results on Thursday, April 26th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.83 billion. Avnet had a negative net margin of 0.72% and a positive return on equity of 8.08%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. sell-side analysts expect that Avnet will post 3.52 EPS for the current year.

AVT has been the subject of a number of research reports. Pivotal Research reiterated a “hold” rating and issued a $42.00 price objective on shares of Avnet in a report on Thursday, April 26th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 25th. Zacks Investment Research lowered shares of Avnet from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Goldman Sachs Group lowered shares of Avnet from a “neutral” rating to a “sell” rating in a report on Thursday, May 31st. Finally, ValuEngine lowered shares of Avnet from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Avnet currently has a consensus rating of “Hold” and an average target price of $40.86.

About Avnet

Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

Insider Buying and Selling by Quarter for Avnet (NYSE:AVT)

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