ARRIS International PLC (NASDAQ:ARRS) has received an average rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.67.

ARRS has been the topic of several research analyst reports. Northland Securities reissued a “hold” rating and set a $24.00 target price on shares of ARRIS International PLC in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday, August 7th. BidaskClub lowered shares of ARRIS International PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. ValuEngine raised shares of ARRIS International PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, TheStreet raised shares of ARRIS International PLC from a “c+” rating to a “b” rating in a research note on Monday, October 9th.

ARRIS International PLC (NASDAQ ARRS) opened at 28.04 on Thursday. The stock’s 50 day moving average is $27.98 and its 200-day moving average is $27.72. The company has a market capitalization of $5.26 billion, a PE ratio of 42.36 and a beta of 1.33. ARRIS International PLC has a 12 month low of $24.75 and a 12 month high of $31.52.

ARRIS International PLC (NASDAQ:ARRS) last posted its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the company posted $0.84 earnings per share. ARRIS International PLC’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect that ARRIS International PLC will post $2.53 EPS for the current year.

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In other ARRIS International PLC news, insider Stephen J. Mccaffery sold 12,609 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $30.00, for a total value of $378,270.00. Following the transaction, the insider now directly owns 9,127 shares of the company’s stock, valued at $273,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. First Quadrant L P CA bought a new position in shares of ARRIS International PLC in the third quarter valued at $3,827,000. Meeder Asset Management Inc. lifted its stake in shares of ARRIS International PLC by 38.8% in the third quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock valued at $865,000 after buying an additional 8,496 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of ARRIS International PLC by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 121,007 shares of the communications equipment provider’s stock valued at $3,391,000 after buying an additional 3,289 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of ARRIS International PLC in the second quarter valued at $233,000. Finally, UBS Oconnor LLC bought a new position in shares of ARRIS International PLC in the second quarter valued at $1,401,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

About ARRIS International PLC

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 PLC (NASDAQ:ARRS)

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