Peel Hunt Restated “Hold” Rating For Mothercare PLC (LON:MTC); Avnet Has 1.16 Sentiment

May 17, 2018 - By John Hoffman

Avnet, Inc. (NASDAQ:AVT) Logo

In a research report issued to clients on 17 May, Peel Hunt kept their “Hold” rating on shares of Mothercare PLC (LON:MTC).

Avnet Inc (AVT) investors sentiment increased to 1.16 in 2017 Q4. It’s up 0.17, from 0.99 in 2017Q3. The ratio is better, as 150 institutional investors increased and opened new stock positions, while 129 sold and reduced their holdings in Avnet Inc. The institutional investors in our database reported: 110.65 million shares, down from 112.60 million shares in 2017Q3. Also, the number of institutional investors holding Avnet Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 29 Reduced: 100 Increased: 97 New Position: 53.

Among 8 analysts covering Mothercare PLC (LON:MTC), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. Mothercare PLC has GBX 328 highest and GBX 17 lowest target. GBX 124.38’s average target is 377.47% above currents GBX 26.05 stock price. Mothercare PLC had 78 analyst reports since July 23, 2015 according to SRatingsIntel. Numis Securities maintained the stock with “Buy” rating in Wednesday, December 2 report. The firm has “Overweight” rating given on Thursday, January 14 by J.P. Morgan. The firm has “Overweight” rating given on Friday, April 7 by JP Morgan. The stock has “Buy” rating by Peel Hunt on Wednesday, April 13. As per Monday, October 19, the company rating was maintained by Stifel Nicolaus. Canaccord Genuity maintained Mothercare plc (LON:MTC) rating on Thursday, May 18. Canaccord Genuity has “Sell” rating and GBX 106 target. Numis Securities maintained the shares of MTC in report on Monday, March 5 with “Hold” rating. The rating was maintained by JP Morgan on Friday, July 15 with “Overweight”. The stock of Mothercare plc (LON:MTC) has “Buy” rating given on Thursday, January 7 by Stifel Nicolaus. Stifel Nicolaus maintained Mothercare plc (LON:MTC) on Monday, February 8 with “Buy” rating.

Mothercare plc operates as a multi-channel retailer, franchisor, and wholesaler of products for mothers-to-be, babies, and children under the Mothercare and Early Learning Centre brands in the United Kingdom and internationally. The company has market cap of 44.23 million GBP. The firm provides clothing for babies, toddlers, girls, and boys; nightwear and underwear; footwear; swimwear; and other accessories, as well as maternity apparel. It currently has negative earnings. It also offers home and travel products comprising car seats, buggy and pushchair systems, beddings, soft furnishings and furniture, bathing products, high chairs, feeding products and baby monitors, and other products, as well as toys.

The stock increased 22.30% or GBX 4.75 during the last trading session, reaching GBX 26.05. About 2.61 million shares traded or 244.66% up from the average. Mothercare plc (LON:MTC) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

More important recent Avnet, Inc. (NASDAQ:AVT) news were published by: which released: “Goldman Sachs Downgrades Avnet (AVT) to Sell” on May 16, 2018, also published article titled: “Goldman Presses Sell Button On Avnet On Incremental Risk To Semi Cycle”, published: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018. More interesting news about Avnet, Inc. (NASDAQ:AVT) was released by: and their article: “Avnet Showcases Connected Ecosystem at IoT World 2018” with publication date: May 14, 2018.

Cacti Asset Management Llc holds 2.66% of its portfolio in Avnet, Inc. for 280,030 shares. Euclidean Technologies Management Llc owns 51,011 shares or 1.99% of their US portfolio. Moreover, Speece Thorson Capital Group Inc has 1.8% invested in the company for 228,330 shares. The New York-based Pzena Investment Management Llc has invested 1.76% in the stock. Deroy & Devereaux Private Investment Counsel Inc, a Michigan-based fund reported 348,052 shares.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $661,716 activity.

Ratings analysis reveals 33% of Avnet’s analysts are positive. Out of 3 Wall Street analysts rating Avnet, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. AVT was included in 3 notes of analysts from September 20, 2016. The firm has “Buy” rating given on Friday, October 21 by Longbow. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, September 20. The stock has “Sell” rating by Goldman Sachs on Wednesday, March 1.

Analysts await Avnet, Inc. (NASDAQ:AVT) to report earnings on August, 8. They expect $0.96 earnings per share, up 14.29% or $0.12 from last year’s $0.84 per share. AVT’s profit will be $113.26M for 10.14 P/E if the $0.96 EPS becomes a reality. After $1.02 actual earnings per share reported by Avnet, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Avnet, Inc. (NASDAQ:AVT) Institutional Positions Chart