Trade-Ideas: Avnet (AVT) Is Today's New Lifetime High Stock
- AVT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $49.0 million.
- AVT has traded 8,609 shares today.
- AVT is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in AVT with the Ticky from Trade-Ideas. See the FREE profile for AVT NOW at Trade-Ideas More details on AVT: Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. The stock currently has a dividend yield of 1.4%. AVT has a PE ratio of 13.5. Currently there are 5 analysts that rate Avnet a buy, no analysts rate it a sell, and 3 rate it a hold. The average volume for Avnet has been 888,700 shares per day over the past 30 days. Avnet has a market cap of $6.3 billion and is part of the services sector and wholesale industry. The stock has a beta of 1.41 and a short float of 1.6% with 2.01 days to cover. Shares are up 5.5% year-to-date as of the close of trading on Monday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Avnet as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Highlights from the ratings report include:
- AVT's revenue growth has slightly outpaced the industry average of 1.8%. Since the same quarter one year prior, revenues rose by 10.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Compared to its closing price of one year ago, AVT's share price has jumped by 26.92%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, AVT should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- AVNET INC's earnings per share declined by 10.1% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, AVNET INC reported lower earnings of $3.22 versus $3.79 in the prior year. This year, the market expects an improvement in earnings ($4.34 versus $3.22).
- Despite currently having a low debt-to-equity ratio of 0.47, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.19 is sturdy.
- You can view the full Avnet Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.