ARRIS Group Inc. Sets New 1-Year High at $25.06 (ARRS)
ARRIS Group (NASDAQ:ARRS) set a new 52-week high on Tuesday, Analyst Ratings Net reports. The company traded as high as $25.06 and last traded at $24.95, with a volume of 1,980,294 shares. The stock had previously closed at $24.05.
ARRS has been the subject of a number of recent research reports. Analysts at RBC Capital upgraded shares of ARRIS Group from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $28.00 price target on the stock, up previously from $18.00. Separately, analysts at Barclays downgraded shares of ARRIS Group from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $24.00 price target on the stock. Finally, analysts at Jefferies Group upgraded shares of ARRIS Group from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 20th. They now have a $30.00 price target on the stock, up previously from $23.00. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. ARRIS Group has a consensus rating of “Buy” and an average target price of $22.15.
ARRIS Group has a 52 week low of $14.07 and a 52 week high of $24.69. The stock’s 50-day moving average is $21.68 and its 200-day moving average is $17.49. The company’s market cap is $3.460 billion.
ARRIS Group (NASDAQ:ARRS) last announced its earnings results on Wednesday, October 30th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.22 earnings per share. ARRIS Group’s revenue was up 198.7% compared to the same quarter last year. On average, analysts predict that ARRIS Group will post $1.56 earnings per share for the current fiscal year.
ARRIS Group, Inc (NASDAQ:ARRS) is a global communications technology company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.