ARRIS International plc (ARRS) Given Consensus Rating of “Buy” by Analysts
ARRIS International plc (NASDAQ:ARRS) has received an average recommendation of “Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One equities 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. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.00.
A number of research firms have issued reports on ARRS. ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, November 7th. TheStreet upgraded ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Jefferies Group set a $38.00 price target on ARRIS International and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Raymond James Financial set a $38.00 price target on ARRIS International and gave the stock a “buy” rating in a report on Monday, December 4th.
In related news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total value of $125,010.00. Following the transaction, the insider now directly owns 71,721 shares in the company, valued at approximately $2,151,630. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the completion of the transaction, the senior vice president now owns 4,556 shares in the company, valued at $133,308.56. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
Shares of ARRIS International (NASDAQ ARRS) opened at $26.97 on Friday. The firm has a market cap of $5,380.60, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39. ARRIS International has a 52-week low of $24.75 and a 52-week high of $31.52. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.
ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. equities research analysts forecast that ARRIS International will post 2.33 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/15/arris-international-plc-arrs-given-consensus-rating-of-buy-by-analysts.html.
ARRIS International Company Profile
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.
Receive News & Ratings for ARRIS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International and related companies with MarketBeat.com's FREE daily email newsletter.