Raymond James Financial set a $36.00 price objective on ARRIS International (NASDAQ:ARRS) in a research report released on Thursday. The brokerage currently has a buy rating on the communications equipment provider’s stock.

A number of other research analysts have also commented on ARRS. BidaskClub lowered ARRIS International from a hold rating to a sell rating in a report on Wednesday, August 23rd. ValuEngine lowered ARRIS International from a buy rating to a hold rating in a report on Wednesday, September 6th. Jefferies Group set a $38.00 price objective on ARRIS International and gave the company a buy rating in a report on Wednesday, October 4th. TheStreet raised ARRIS International from a c+ rating to a b rating in a report on Monday, October 9th. Finally, Northland Securities set a $25.00 target price on ARRIS International and gave the company a hold rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $33.67.

Shares of ARRIS International (NASDAQ ARRS) traded down $1.15 during midday trading on Thursday, hitting $25.82. The stock had a trading volume of 6,460,000 shares, compared to its average volume of 1,290,000. 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 firm has a market cap of $4,830.00, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. ARRIS International has a fifty-two week low of $24.75 and a fifty-two week high of $31.52.

ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.18. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. analysts predict that ARRIS International will post 2.34 earnings per share for the current year.

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

Several hedge funds have recently made changes to their positions in ARRS. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of ARRIS International in the 2nd quarter worth approximately $233,000. NGAM Advisors L.P. lifted its position 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 acquiring an additional 489 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of ARRIS International in the 3rd quarter worth approximately $473,000. Quantbot Technologies LP bought a new stake in shares of ARRIS International in the 3rd quarter worth approximately $514,000. Finally, Aperio Group LLC lifted its position in shares of ARRIS International by 33.7% in the 2nd quarter. Aperio Group LLC now owns 25,776 shares of the communications equipment provider’s stock worth $722,000 after acquiring an additional 6,492 shares during the period. Institutional investors 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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