ARRIS International plc (NASDAQ:ARRS) has received an average rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.31.

Several research analysts recently weighed in on the stock. BidaskClub cut shares of ARRIS International from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 3rd. ValuEngine upgraded shares of ARRIS International from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research cut shares of ARRIS International from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th.

ARRIS International stock remained flat at $$31.66 during midday trading on Thursday. ARRIS International has a 12-month low of $21.55 and a 12-month high of $31.74. The company has a market cap of $5.56 billion, a PE ratio of 12.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.21 and a current ratio of 1.58.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings results on Thursday, February 21st. The communications equipment provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. ARRIS International had a net margin of 1.69% and a return on equity of 15.14%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.

In related news, SVP James R. Brennan sold 6,350 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $31.66, for a total transaction of $201,041.00. Following the sale, the senior vice president now directly owns 46,045 shares in the company, valued at approximately $1,457,784.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ian Edward Whiting sold 14,067 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $31.65, for a total transaction of $445,220.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,500 shares of company stock worth $1,440,043. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its stake in shares of ARRIS International by 139.5% during the 1st quarter. State of Alaska Department of Revenue now owns 41,524 shares of the communications equipment provider’s stock valued at $1,311,000 after buying an additional 24,183 shares in the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of ARRIS International during the 1st quarter valued at approximately $3,733,000. MUFG Securities EMEA plc purchased a new stake in shares of ARRIS International during the 4th quarter valued at approximately $2,293,000. Norges Bank purchased a new stake in shares of ARRIS International during the 4th quarter valued at approximately $56,169,000. Finally, Kresge Foundation purchased a new stake in shares of ARRIS International during the 4th quarter valued at approximately $1,315,000. Institutional investors own 83.70% of the company’s stock.

About ARRIS International

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. The company's Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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