Extremely important negative changes in investment behavior have recently occurred for Avnet Inc (NASDAQ: AVT): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Avnet Inc (NASDAQ: AVT). Moderate negative changes in fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, and the consensus estimate for June, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AVT is expected to continue to be a Value Builder.
Avnet has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Avnet has a neutral Power Rating of 58 but a very high Appreciation Score of 89, with the Highest Value Trend Rating the result.
Recent Price Action
Avnet Inc (NASDAQ: AVT) stock declined slightly by -0.5% on 9/10/24. The stock closed at $49.63. Moreover, trading volume in this decline was above average at 121% of normal. The stock has been strong relative to the market over the last nine months but has declined -10.1% during the last week.
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