ARRIS Group Coverage Initiated by Analysts at Barclays Capital (ARRS)
Equities researchers at Barclays Capital began coverage on shares of ARRIS Group (NASDAQ:ARRS) in a research report issued on Wednesday, StockRatingsNetwork.com reports. The firm set an “overweight” rating on the stock.
ARRIS Group (NASDAQ:ARRS) opened at 15.87 on Wednesday. ARRIS Group has a 1-year low of $12.40 and a 1-year high of $17.98. The stock’s 50-day moving average is $15.91 and its 200-day moving average is $16.03. The company’s market cap is $2.193 billion.
ARRIS Group (NASDAQ:ARRS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.20. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $975.57 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 186.4% on a year-over-year basis. On average, analysts predict that ARRIS Group will post $1.50 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of ARRIS Group (NASDAQ:ARRS) in a research note to investors on Tuesday, August 20th. They set an “equal weight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of ARRIS Group (NASDAQ:ARRS) from $17.50 to $18.00 in a research note to investors on Tuesday, August 13th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ARRIS Group (NASDAQ:ARRS) in a research note to investors on Wednesday, June 26th. They now have a $15.00 price target on the stock.
Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.17.
ARRIS Group, Inc (NASDAQ:ARRS) is a global communications technology company.
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