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Is this Large Market Cap Stock target price reasonable for Avnet, Inc. (NYSE:AVT)?

The company in question is, Avnet, Inc. (NYSE:AVT) currently with a stock price of 41.33 (0.34% today). The market cap for Avnet, Inc. is 5250.08, and is in the sector Services, and Electronics Wholesale industry. The target price for Avnet, Inc. is 44. Currently Avnet, Inc. is trading with a P/E of 10.84, and a forward P/E of 8.87. Average volume for Avnet, Inc. is 1013.24 and so far today it is 284061.

Performance in the last year for Avnet, Inc. has been -8.39%. For EPS growth, Avnet, Inc. has seen a growth of -7.70%, and is looking to grow in the next year to 9.20%. More long term stats show that EPS growth has been -2.60% over the last five years and could be 2.97% for the next five years. Avnet, Inc. has seen sales growth quarter over quarter at -8.40%, with EPS growth quarter over quarter at -35.30%. The 20-day simple moving average is 0.49%, with the 200-day simple moving average coming to 0.85%.

Since the IPO date for Avnet, Inc. on the 05/03/1973, Avnet, Inc. has seen performance year to date to be -2.66%. With Avnet, Inc. trading at 41.33, the dividend yield is 1.65%, and the EPS is 3.8.

So could Avnet, Inc., be undervalued? Well as said before P/E is 10.84. The PEG is 3.65, P/S is 0.2 and the P/B is at 1.12. The P/cash is 5.09, with P/free cash flow at *TBA.

Avnet, Inc. ability to deal with debt shows that the current ratio is 1.8, and the quick ratio is 1.2. This is with long term debt/equity at 0.29, and total debt/equity at 0.53.

In terms of margins, Avnet, Inc. has a gross margin of 11.60%, an operating margin of 3.00% and a profit margin of 1.90%.Payout ratio for Avnet, Inc. is 17.60%. Return on assets come to 4.50% with return on investment coming to 8.70%.

Insider ownership for Avnet, Inc., is at 0.30% and institutional ownership comes to 97.30%. Outstanding shares are at 127.46. While shares float is 126.68. The float short is currently 2.70%, and short ratio is 3.37.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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