ARRIS International (NASDAQ:ARRS) has been assigned a $38.00 target price by equities researchers at Raymond James Financial in a research report issued on Monday. The firm presently has a “buy” rating on the communications equipment provider’s stock. Raymond James Financial’s price target would suggest a potential upside of 29.52% from the company’s current price.

A number of other brokerages have also recently weighed in on ARRS. ValuEngine cut shares of ARRIS International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub cut shares of ARRIS International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Northland Securities set a $25.00 price target on shares of ARRIS International and gave the stock a “hold” rating in a research report on Monday, October 16th. Jefferies Group set a $38.00 price target on shares of ARRIS International and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Finally, TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. ARRIS International currently has an average rating of “Buy” and an average target price of $33.89.

Shares of ARRIS International (NASDAQ ARRS) traded down $0.31 on Monday, reaching $29.34. The company’s stock had a trading volume of 2,123,469 shares, compared to its average volume of 1,464,035. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43. The firm has a market cap of $5,550.00, a P/E ratio of 12.74, a PEG ratio of 1.28 and a beta of 1.39. ARRIS International has a 52 week low of $24.75 and a 52 week high of $31.52.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. research analysts anticipate that ARRIS International will post 2.31 earnings per share for the current year.

In other news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the transaction, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.26, for a total transaction of $36,575.00. Following the transaction, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Several hedge funds have recently modified their holdings of ARRS. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of ARRIS International during the second quarter worth about $233,000. NGAM Advisors L.P. raised its stake in ARRIS International by 4.6% during the second quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock worth $313,000 after acquiring an additional 489 shares during the period. Fernwood Investment Management LLC raised its stake in ARRIS International by 16.9% during the second quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock worth $387,000 after acquiring an additional 2,000 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in ARRIS International during the third quarter worth about $473,000. Finally, Quantbot Technologies LP acquired a new stake in ARRIS International during the third quarter worth about $514,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/05/raymond-james-financial-analysts-give-arris-international-arrs-a-38-00-price-target.html.

About ARRIS International

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 (NASDAQ:ARRS)

Receive News & Ratings for ARRIS International plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International plc and related companies with MarketBeat.com's FREE daily email newsletter.