ARRIS International plc (ARRS) Receives Consensus Recommendation of “Buy” from Brokerages

ARRIS International plc (NASDAQ:ARRS) has been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $33.63.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of ARRIS International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a research note on Monday, October 9th. Northland Securities set a $25.00 target price on shares of ARRIS International and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Morgan Stanley downgraded shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price for the company. in a research note on Tuesday, December 19th.

ARRIS International (ARRS) opened at $25.95 on Tuesday. ARRIS International has a one year low of $24.75 and a one year high of $30.79. The firm has a market cap of $4,850.00, a PE ratio of 29.83, a P/E/G ratio of 0.99 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

ARRIS International (NASDAQ:ARRS) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.18. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts expect that ARRIS International will post 2.32 earnings per share for the current fiscal year.

In related news, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the sale, the senior vice president now owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.26, for a total transaction of $36,575.00. Following the sale, the senior vice president now directly owns 4,556 shares of the company’s stock, valued at approximately $133,308.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,347 shares of company stock valued at $290,307. Corporate insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantitative Investment Management LLC acquired a new stake in ARRIS International during the 2nd quarter worth approximately $7,428,000. Tocqueville Asset Management L.P. acquired a new stake in ARRIS International during the 3rd quarter worth approximately $5,674,000. Balyasny Asset Management LLC increased its position in ARRIS International by 376.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 38,635 shares of the communications equipment provider’s stock worth $1,083,000 after purchasing an additional 30,534 shares in the last quarter. First Quadrant L P CA acquired a new stake in ARRIS International during the 3rd quarter worth approximately $3,827,000. Finally, Canada Pension Plan Investment Board increased its position in ARRIS International by 33.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 902,100 shares of the communications equipment provider’s stock worth $25,701,000 after purchasing an additional 224,000 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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