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

ARRIS International PLC (NASDAQ:ARRS) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.43.

Several analysts have weighed in on ARRS shares. Zacks Investment Research raised shares of ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday, August 7th. Northland Securities reissued a “hold” rating and issued a $24.00 price target on shares of ARRIS International PLC in a research note on Thursday, August 3rd. ValuEngine raised shares of ARRIS International PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet raised shares of ARRIS International PLC from a “c+” rating to a “b” rating in a research note on Monday, October 9th. Finally, Jefferies Group LLC set a $38.00 price target on shares of ARRIS International PLC and gave the stock a “buy” rating in a research note on Wednesday, October 4th.

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Large investors have recently modified their holdings of the company. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of ARRIS International PLC during the second quarter valued at about $233,000. NGAM Advisors L.P. raised its stake in shares of ARRIS International PLC by 4.6% during the second quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after acquiring an additional 489 shares during the last quarter. Fernwood Investment Management LLC raised its stake in shares of ARRIS International PLC by 16.9% during the second quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after acquiring an additional 2,000 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of ARRIS International PLC by 16.4% during the second quarter. LS Investment Advisors LLC now owns 14,696 shares of the communications equipment provider’s stock valued at $412,000 after acquiring an additional 2,072 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of ARRIS International PLC by 0.3% during the second quarter. Capstone Asset Management Co. now owns 15,751 shares of the communications equipment provider’s stock valued at $441,000 after acquiring an additional 40 shares during the last quarter. 87.02% of the stock is owned by hedge funds and other institutional investors.

ARRIS International PLC (NASDAQ ARRS) opened at $28.67 on Monday. ARRIS International PLC has a 1 year low of $24.75 and a 1 year high of $31.52. The stock has a market cap of $5,361.90, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.24 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43.

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

ARRIS International PLC 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 PLC (NASDAQ:ARRS)

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