ARRIS International’s (ARRS) “Equal Weight” Rating Reaffirmed at Barclays

ARRIS International (NASDAQ:ARRS)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a $31.00 price objective on the communications equipment provider’s stock. Barclays’ price objective indicates a potential upside of 16.24% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Loop Capital initiated coverage on shares of ARRIS International in a research report on Monday, January 29th. They issued a “buy” rating and a $35.00 target price on the stock. Raymond James Financial set a $38.00 target price on shares of ARRIS International and gave the company a “buy” rating in a research report on Monday, December 4th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet cut shares of ARRIS International from a “b” rating to a “c+” rating in a research report on Friday, January 12th. Finally, Morgan Stanley cut shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price on the stock. in a research report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ARRIS International currently has a consensus rating of “Buy” and a consensus target price of $33.10.

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ARRIS International stock opened at $26.67 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5,047.75, a PE ratio of 54.43, a PEG ratio of 1.07 and a beta of 1.21. ARRIS International has a 1 year low of $22.60 and a 1 year high of $30.38.

ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. ARRIS International had a net margin of 1.41% and a return on equity of 14.69%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. analysts expect that ARRIS International will post 2.54 earnings per share for the current year.

In other ARRIS International news, CEO Bruce William Mcclelland purchased 2,000 shares of ARRIS International stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $25.91 per share, with a total value of $51,820.00. Following the completion of the transaction, the chief executive officer now owns 216,158 shares of the company’s stock, valued at $5,600,653.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the sale, the senior vice president now directly owns 13,529 shares in the company, valued at approximately $353,242.19. The disclosure for this sale can be found here. Insiders have bought 9,500 shares of company stock worth $241,440 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Partners Fund LP acquired a new stake in shares of ARRIS International during the fourth quarter worth about $100,000. Icon Advisers Inc. Co. acquired a new stake in shares of ARRIS International during the fourth quarter worth about $206,000. Capital Fund Management S.A. lifted its position in shares of ARRIS International by 25.5% during the fourth quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock worth $316,000 after purchasing an additional 2,500 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of ARRIS International during the fourth quarter worth about $361,000. Finally, Quantbot Technologies LP acquired a new stake in shares of ARRIS International during the third quarter worth about $514,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

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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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