ARRIS Group Receives Average Rating of “Buy” from Brokerages (NASDAQ:ARRS)
ARRIS Group (NASDAQ:ARRS) has been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $36.13.
ARRIS Group (NASDAQ:ARRS) traded up 0.39% on Thursday, hitting $31.28. The stock had a trading volume of 237,345 shares. ARRIS Group has a 52-week low of $15.54 and a 52-week high of $35.83. The stock has a 50-day moving average of $32.10 and a 200-day moving average of $29.58. The company has a market cap of $4.528 billion and a P/E ratio of 47.21.
ARRIS Group (NASDAQ:ARRS) last released its earnings data on Thursday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 42.9% on a year-over-year basis. Analysts expect that ARRIS Group will post $2.51 EPS for the current fiscal year.
ARRS has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of ARRIS Group in a research note on Friday, August 1st. They now have a $39.00 price target on the stock, up previously from $37.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of ARRIS Group in a research note on Friday, August 1st. They now have a $32.00 price target on the stock, up previously from $30.00. Finally, analysts at Needham & Company LLC raised their price target on shares of ARRIS Group from $34.00 to $36.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock.
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.