ARRIS International plc (ARRS) Given Consensus Rating of “Buy” by Analysts
ARRIS International plc (NASDAQ:ARRS) has received an average recommendation of “Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.00.
A number of research firms have issued reports on ARRS. ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, November 7th. TheStreet upgraded ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Jefferies Group set a $38.00 price target on ARRIS International and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Raymond James Financial set a $38.00 price target on ARRIS International and gave the stock a “buy” rating in a report on Monday, December 4th.
In related news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total value of $125,010.00. Following the transaction, the insider now directly owns 71,721 shares in the company, valued at approximately $2,151,630. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction on Monday, November 20th. The stock was 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 owns 4,556 shares in the company, valued at $133,308.56. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of ARRIS International in the 2nd quarter worth $233,000. NGAM Advisors L.P. lifted its holdings in shares of 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 worth $313,000 after purchasing an additional 489 shares in the last quarter. Fernwood Investment Management LLC lifted its holdings in shares of 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 worth $387,000 after purchasing an additional 2,000 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of ARRIS International in the 3rd quarter worth $473,000. Finally, Quantbot Technologies LP bought a new position in shares of ARRIS International in the 3rd quarter worth $514,000. Institutional investors own 86.64% of the company’s stock.
Shares of ARRIS International (NASDAQ ARRS) opened at $26.97 on Friday. The firm has a market cap of $5,380.60, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39. ARRIS International has a 52-week low of $24.75 and a 52-week high of $31.52. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.
ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. equities research analysts forecast that ARRIS International will post 2.33 earnings per share for the current fiscal year.
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ARRIS International Company Profile
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.
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