ARRIS International PLC (NASDAQ:ARRS)‘s stock had its “buy” rating restated by stock analysts at Barclays PLC in a research note issued to investors on Wednesday. They presently have a $37.00 price objective on the stock. Barclays PLC’s price target indicates a potential upside of 22.68% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. RBC Capital Markets reaffirmed an “outperform” rating and set a $35.00 target price on shares of ARRIS International PLC in a research note on Wednesday, December 21st. TheStreet downgraded shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a research report on Friday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $35.00 price target (up previously from $32.00) on shares of ARRIS International PLC in a research report on Wednesday, November 23rd. Zacks Investment Research downgraded shares of ARRIS International PLC from a “hold” rating to a “sell” rating in a research report on Monday, October 31st. Finally, Jefferies Group reissued a “buy” rating and set a $34.00 price target on shares of ARRIS International PLC in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.50.

Analyst Recommendations for ARRIS International PLC (NASDAQ:ARRS)

ARRIS International PLC (NASDAQ:ARRS) traded down 0.20% during mid-day trading on Wednesday, hitting $30.10. The stock had a trading volume of 1,190,034 shares. The firm’s 50-day moving average price is $29.94 and its 200-day moving average price is $27.57. The stock’s market cap is $5.71 billion. ARRIS International PLC has a 1-year low of $20.05 and a 1-year high of $31.52.

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ARRIS International PLC (NASDAQ:ARRS) last announced its earnings results on Wednesday, October 26th. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. ARRIS International PLC had a negative net margin of 0.65% and a positive return on equity of 17.33%. The business earned $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, equities analysts expect that ARRIS International PLC will post $2.78 earnings per share for the current year.

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In other news, insider Robert J. Stanzione sold 30,000 shares of ARRIS International PLC stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $30.15, for a total transaction of $904,500.00. Following the transaction, the insider now owns 848,856 shares in the company, valued at approximately $25,593,008.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Stanzione sold 50,000 shares of ARRIS International PLC stock in a transaction on Friday, December 16th. The stock was sold at an average price of $31.00, for a total transaction of $1,550,000.00. Following the transaction, the insider now owns 798,856 shares in the company, valued at approximately $24,764,536. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ARRS. BlackRock Institutional Trust Company N.A. boosted its position in shares of ARRIS International PLC by 4.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,530,094 shares of the company’s stock valued at $156,668,000 after buying an additional 253,118 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of ARRIS International PLC by 165.4% in the third quarter. TIAA CREF Investment Management LLC now owns 1,403,395 shares of the company’s stock valued at $39,758,000 after buying an additional 874,645 shares in the last quarter. First Pacific Advisors LLC boosted its position in shares of ARRIS International PLC by 0.4% in the second quarter. First Pacific Advisors LLC now owns 3,717,862 shares of the company’s stock valued at $77,926,000 after buying an additional 14,769 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of ARRIS International PLC by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 557,966 shares of the company’s stock valued at $15,807,000 after buying an additional 1,852 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of ARRIS International PLC by 839.7% in the third quarter. Victory Capital Management Inc. now owns 391,253 shares of the company’s stock valued at $11,085,000 after buying an additional 349,616 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

About ARRIS International PLC

ARRIS International plc focuses on entertainment and communications technology. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

5 Day Chart for NASDAQ:ARRS

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