ARRIS International PLC (ARRS) Given a $25.00 Price Target at Northland Securities

Northland Securities set a $25.00 price objective on ARRIS International PLC (NASDAQ:ARRS) in a report published on Monday, October 16th. The brokerage currently has a hold rating on the communications equipment provider’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of ARRIS International PLC from a buy rating to a hold rating in a report on Wednesday, September 6th. Jefferies Group LLC set a $38.00 target price on shares of ARRIS International PLC and gave the company a buy rating in a report on Wednesday, October 4th. Zacks Investment Research cut shares of ARRIS International PLC from a buy rating to a hold rating in a report on Tuesday, August 8th. BidaskClub lowered shares of ARRIS International PLC from a buy rating to a hold rating in a research report on Tuesday, July 4th. Finally, TheStreet upgraded shares of ARRIS International PLC from a c+ rating to a b rating in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $33.38.

Shares of ARRIS International PLC (NASDAQ ARRS) opened at 28.07 on Monday. The firm’s 50-day moving average price is $27.98 and its 200 day moving average price is $27.72. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 42.40 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 results on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.66 billion. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. On average, analysts predict that ARRIS International PLC will post $2.53 earnings per share for the current year.

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In other ARRIS International PLC news, insider Stephen J. Mccaffery sold 12,609 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $30.00, for a total transaction of $378,270.00. Following the transaction, the insider now owns 9,127 shares of the company’s stock, valued at $273,810. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

A number of large investors have recently bought and sold shares of ARRS. Ameriprise Financial Inc. raised its stake in ARRIS International PLC by 16.5% during the second quarter. Ameriprise Financial Inc. now owns 5,244,590 shares of the communications equipment provider’s stock worth $146,962,000 after purchasing an additional 743,332 shares during the period. Russell Investments Group Ltd. raised its stake in ARRIS International PLC by 76.2% during the second quarter. Russell Investments Group Ltd. now owns 885,606 shares of the communications equipment provider’s stock worth $24,815,000 after purchasing an additional 383,039 shares during the period. Strs Ohio raised its stake in ARRIS International PLC by 22.4% during the second quarter. Strs Ohio now owns 1,910,000 shares of the communications equipment provider’s stock worth $53,518,000 after purchasing an additional 350,000 shares during the period. Quantitative Investment Management LLC purchased a new position in ARRIS International PLC during the second quarter worth approximately $7,428,000. Finally, First Quadrant L P CA purchased a new position in ARRIS International PLC during the third quarter worth approximately $3,827,000. 86.74% of the stock is currently owned by 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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