Zacks Research Upgrades Avnet (NASDAQ:AVT) to Hold

Key Points

• Zacks Research upgraded Avnet from a "strong sell" to a "hold" rating, indicating a shift in analyst sentiment on the stock.
• Avnet’s earnings estimates for FY2026 are set at $4.53 EPS, with projections increasing to $6.50 EPS for FY2027.
• Despite recent upgrades, Avnet has a consensus rating of "Reduce" among analysts, with a price target averaging $49.00.

Avnet (NASDAQ:AVT - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Avnet's Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.32 EPS, Q4 2026 earnings at $1.40 EPS, FY2026 earnings at $4.53 EPS, Q1 2027 earnings at $1.42 EPS, Q2 2027 earnings at $1.60 EPS, Q3 2027 earnings at $1.61 EPS, FY2027 earnings at $6.50 EPS, Q1 2028 earnings at $1.75 EPS and FY2028 earnings at $7.50 EPS.

Other analysts have also recently issued research reports about the stock. Bank of America upped their price target on shares of Avnet from $48.00 to $50.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Avnet in a research report on Wednesday, October 8th. Finally, Truist Financial upped their price target on shares of Avnet from $50.00 to $54.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Avnet currently has a consensus rating of "Reduce" and a consensus price target of $49.00.

Avnet Stock Performance

Shares of Avnet stock opened at $52.15 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.43 and a debt-to-equity ratio of 0.51. Avnet has a twelve month low of $39.22 and a twelve month high of $59.24. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 0.39 and a beta of 1.06. The company's fifty day moving average is $52.98 and its 200 day moving average is $51.83.

Avnet (NASDAQ:AVT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. Avnet had a net margin of 1.08% and a return on equity of 6.07%. The company had revenue of $5.62 billion for the quarter, compared to analysts' expectations of $5.36 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Avnet's revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Avnet will post 3.41 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AVT. Blue Trust Inc. boosted its holdings in Avnet by 10.5% in the 1st quarter. Blue Trust Inc. now owns 3,812 shares of the company's stock valued at $183,000 after purchasing an additional 361 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Avnet by 3.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 60,964 shares of the company's stock worth $2,932,000 after acquiring an additional 1,961 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of Avnet during the 1st quarter worth $26,000. Lecap Asset Management Ltd. bought a new stake in shares of Avnet during the 1st quarter worth $1,130,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Avnet by 3.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 40,078 shares of the company's stock worth $1,927,000 after acquiring an additional 1,422 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

About Avnet

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.

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