Northland Securities set a $25.00 target price on ARRIS International PLC (NASDAQ:ARRS) in a research note published on Monday. The brokerage currently has a hold rating on the communications equipment provider’s stock.

Several other equities analysts also recently issued reports on ARRS. TheStreet upgraded ARRIS International PLC from a c+ rating to a b rating in a research report on Monday, October 9th. Zacks Investment Research downgraded ARRIS International PLC from a buy rating to a hold rating in a research report on Tuesday, August 8th. ValuEngine upgraded ARRIS International PLC from a hold rating to a buy rating in a research report on Monday, October 2nd. BidaskClub downgraded ARRIS International PLC from a hold rating to a sell rating in a research report on Wednesday, August 23rd. Finally, Jefferies Group LLC set a $38.00 price objective on ARRIS International PLC and gave the stock a buy rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $33.38.

ARRIS International PLC (ARRS) traded down 1.01% during mid-day trading on Monday, reaching $27.49. The company’s stock had a trading volume of 86,659 shares. The firm has a market capitalization of $5.16 billion, a PE ratio of 41.53 and a beta of 1.33. ARRIS International PLC has a 12 month low of $24.75 and a 12 month high of $31.52. The stock’s 50-day moving average is $27.95 and its 200-day moving average is $27.66.

ARRIS International PLC (NASDAQ:ARRS) last issued its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.66 billion. ARRIS International PLC had a return on equity of 13.97% and a net margin of 1.90%. ARRIS International PLC’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, equities analysts anticipate that ARRIS International PLC will post $2.53 EPS for the current year.

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In related news, insider Stephen J. Mccaffery sold 12,609 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $30.00, for a total transaction of $378,270.00. Following the sale, the insider now owns 9,127 shares of the company’s stock, valued at $273,810. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in shares of ARRIS International PLC by 16.5% in the second quarter. Ameriprise Financial Inc. now owns 5,244,590 shares of the communications equipment provider’s stock valued at $146,962,000 after buying an additional 743,332 shares in the last quarter. State Street Corp increased its holdings in shares of ARRIS International PLC by 2.8% in the first quarter. State Street Corp now owns 4,761,965 shares of the communications equipment provider’s stock valued at $125,954,000 after buying an additional 129,725 shares in the last quarter. Strs Ohio increased its holdings in shares of ARRIS International PLC by 22.4% in the second quarter. Strs Ohio now owns 1,910,000 shares of the communications equipment provider’s stock valued at $53,518,000 after buying an additional 350,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of ARRIS International PLC by 7.7% in the first quarter. Geode Capital Management LLC now owns 1,552,787 shares of the communications equipment provider’s stock valued at $41,070,000 after buying an additional 110,592 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of ARRIS International PLC by 9.6% in the second quarter. Teachers Advisors LLC now owns 904,962 shares of the communications equipment provider’s stock valued at $25,357,000 after buying an additional 79,439 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

About ARRIS International PLC

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 PLC (NASDAQ:ARRS)

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