Avnet stock: buy or sell?

AVT stock price: $27.05 8.37% At close on April 6th, 2020

Updated on:
April 6th, 2020

1

Avnet shares boosted 8.37% to $27.05 today. On Mar/27 AVT collapsed a frightening -10.80%.

Avnet, Inc., together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell.

Should I buy Avnet stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Avnet stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Avnet stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for AVT stock for the last 30 days.

Avnet stock analysis

Daily outlook

Avnet closed today at $27.05 and boosted an outstanding 8.37%.

Shares of Avnet closed today at $27.05 and boosted an outstanding 8.37%. AVT is ready to breakout over Mar/26 top.

AVT stock chart (daily)

Weekly outlook

Avnet climbed an amazing 8.37% this week. By mid March AVT collapsed a bloodcurdling -15.84% in just one week. This week was the third green week in a row.

Since price and 40-weeks moving average lines crossed down by mid January, AVT fell $-15.14 per share (-35.89%). Stocks under the 200d moving average line are usually not recommended for average traders.

AVT stock chart (weekly)

Avnet stock price history

Avnet stock historical price chart

AVT stock reached 52-week highs on April at $47.99, and all-time highs 2016-12-13 with a price of 48.4.

Avnet stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price forecast for Avnet stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on April, Avnet . As soon as we get its actual EPS from the earnings report, we will update this report.
AVT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.8n/a
2017-Q32017-10-260.710.767.0%
2017-Q42018-01-250.730.786.8%
2018-Q12018-04-260.961.026.3%
2018-Q22018-08-080.970.992.1%
2018-Q32018-10-251.011.032.0%
2018-Q42019-01-241.041.040.0%
2019-Q12019-04-241.08n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Avnet annual turnover soared a brilliant 9.16% to $19,036.90 M dollars from $17,440.00 marked in 2017. On the other hand, its profit margin (compared to revenues) decreased to -0.82%, that is $-156.42 million.

To have an up to date view of the financial situation of Avnet, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Avnet TTM sales up to March 2019 were $19,896.90 and earnings were $266.79 M dollars. When comparing this TTM figures with the last reported annuality, we can review Avnet business evolution since June 2018: Annual revenues up to March, compared to lastest yearly report, inched a fine 4.52%. Regarding profit margin, Avnet stepped up 2.16% to -0.82%

AVT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$25,460 M-$450 M1.8%-
2014$27,500 M8.01%$546 M2.0%21.23%
2015$17,655 M-35.80%$572 M3.2%4.82%
2016$16,741 M-5.18%$507 M3.0%-11.43%
2017$17,440 M4.18%$525 M3.0%3.70%
2018$19,037 M9.16%$-156.42 M-0.8%-129.78%
TTM $19,897 M4.52%$267 M1.3%-270.55%

Quarterly financial results

Avnet posted $4,698.82 million in revenues for 2019-Q1, a -6.94% decline compared to previous quarter. Reported quarter earnings marked $88.05 million with a profit margin of 1.87%. Profit margin inched a 1.15% compared to previous quarter when profit margin was 0.72%. When comparing revenues to same quarter last year, Avnet sales marked an ugly decrease and slightly fell a -2.01%. Looking back to recent quarterly results, Avnet posted 2 negative quarters in a row.
AVT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$4,610 M-$73 M1.6%-
2017-Q3$4,660 M1.08%$58 M1.2%-20.61%
2017-Q4$4,522 M-2.97%$47 M1.0%-19.69%
2018-Q1$4,795 M6.05%$-320 M-6.7%-785.01%
2018-Q2$5,059 M5.51%$59 M1.2%-118.31%
2018-Q3$5,090 M0.61%$84 M1.6%42.84%
2018-Q4$5,049 M-0.80%$36 M0.7%-56.52%
2019-Q1$4,699 M-6.94%$88 M1.9%141.88%

Avnet ownership

When you are planning to buy shares of a stock, it's always worth to overview its ownership structure.

Avnet shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.76% of all shares.

Bearish positions for AVT stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

AVT
Market cap$2.7 B
Total shares99.8 M
Float shares99.1 M
  - Institutional holdings (%)99.4%
  - Insider holdings (%)0.8%
Shares in short selling0.0%

Avnet summary

Monday, April 6th, 2020
Open$26.29
Close$27.05
Day range$25.92 - $27.17
Previous close$24.96
Session gain8.37%
Average true range$2.50
50d mov avg$30.74
100d mov avg$36.01
200d mov avg$38.97
Daily patternlb01b
Weekly pattern lb06a

Avnet performance

To better understand Avnet performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Avnet against in the following table:
Stock3m6m12m
AVTAvnet-35.89%-32.14%-41.02%

Avnet competitors

Unfortunately, we could not find any public company that could be defined as Avnet competitor. This doesn't mean Avnet does not have any competitor in the market, it's just we could not detected it.