Somewhat Favorable News Coverage Somewhat Unlikely to Affect Avnet (AVT) Stock Price

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News coverage about Avnet (NYSE:AVT) has trended somewhat positive on Friday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Avnet earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.8165363371975 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Avnet traded up $0.12, reaching $43.83, during trading hours on Friday, Marketbeat reports. The company’s stock had a trading volume of 19,663 shares, compared to its average volume of 932,127. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. Avnet has a 12 month low of $35.67 and a 12 month high of $44.85. The company has a quick ratio of 1.58, a current ratio of 2.75 and a debt-to-equity ratio of 0.30.

Avnet (NYSE:AVT) last issued its quarterly earnings data on Thursday, April 26th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company 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%. Avnet’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. sell-side analysts expect that Avnet will post 3.52 EPS for the current year.

AVT has been the subject of several research analyst reports. Zacks Investment Research raised shares of Avnet from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Thursday, April 12th. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Avnet in a research note on Friday, June 22nd. TheStreet downgraded shares of Avnet from a “b” rating to a “c+” rating in a research note on Wednesday, May 2nd. ValuEngine downgraded shares of Avnet from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Finally, Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Avnet has an average rating of “Hold” and an average price target of $41.14.

Avnet Company Profile

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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