Raymond James Financial set a $38.00 target price on ARRIS International (NASDAQ:ARRS) in a research report report published on Monday morning. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of ARRIS International from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Monday, August 7th. ValuEngine raised shares of ARRIS International from a hold rating to a buy rating in a report on Monday, October 2nd. BidaskClub cut shares of ARRIS International from a hold rating to a sell rating in a report on Wednesday, August 23rd. Northland Securities set a $25.00 price target on shares of ARRIS International and gave the stock a hold rating in a report on Monday, October 16th. Finally, TheStreet raised shares of ARRIS International from a c+ rating to a b rating in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.89.

ARRIS International (NASDAQ:ARRS) traded down $0.03 during trading on Monday, hitting $29.65. 1,129,300 shares of the company’s stock traded hands, compared to its average volume of 1,461,205. ARRIS International has a 1 year low of $24.75 and a 1 year high of $31.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. The company has a market cap of $5,550.00, a PE ratio of 12.74, a P/E/G ratio of 1.28 and a beta of 1.39.

ARRIS International (NASDAQ:ARRS) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm earned $0.77 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts expect that ARRIS International will post 2.31 EPS for the current fiscal year.

In related news, SVP Patrick W. Macken sold 1,250 shares of ARRIS International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $29.26, for a total value of $36,575.00. Following the completion of the transaction, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lawrence Robinson sold 4,167 shares of ARRIS International stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the completion of the transaction, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in ARRS. Capstone Investment Advisors Netherlands B.V. purchased a new position in ARRIS International in the 2nd quarter valued at approximately $233,000. NGAM Advisors L.P. grew its stake in ARRIS International by 4.6% in the 2nd quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after buying an additional 489 shares in the last quarter. Fernwood Investment Management LLC grew its stake in ARRIS International by 16.9% in the 2nd quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after buying an additional 2,000 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in ARRIS International in the 3rd quarter valued at approximately $473,000. Finally, Quantbot Technologies LP purchased a new position in ARRIS International in the 3rd quarter valued at approximately $514,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

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About ARRIS International

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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