ARRIS International PLC (NASDAQ:ARRS)‘s stock had its “buy” rating reissued by analysts at Barclays PLC in a report issued on Wednesday. They currently have a $37.00 price objective on the stock. Barclays PLC’s price objective indicates a potential upside of 22.68% from the stock’s current price.

Several other brokerages have also weighed in on ARRS. RBC Capital Markets reiterated an “outperform” rating and set a $35.00 price objective on shares of ARRIS International PLC in a report on Wednesday, December 21st. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price objective on shares of ARRIS International PLC in a report on Monday, October 10th. TheStreet lowered shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Friday, December 2nd. Zacks Investment Research lowered shares of ARRIS International PLC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Stifel Nicolaus reiterated a “positive” rating and set a $33.00 price objective on shares of ARRIS International PLC in a report on Thursday, September 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $33.50.

Analyst Recommendations for ARRIS International PLC (NASDAQ:ARRS)

Shares of ARRIS International PLC (NASDAQ:ARRS) traded down 0.20% during trading on Wednesday, hitting $30.10. The stock had a trading volume of 1,190,034 shares. ARRIS International PLC has a 1-year low of $20.05 and a 1-year high of $31.52. The firm has a 50-day moving average of $29.94 and a 200 day moving average of $27.57. The company’s market capitalization is $5.71 billion.

ARRIS International PLC (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. ARRIS International PLC had a negative net margin of 0.65% and a positive return on equity of 17.33%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities research analysts predict that ARRIS International PLC will post $2.78 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “ARRIS International PLC (ARRS) Receives “Buy” Rating from Barclays PLC” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/01/11/arris-international-plc-arrs-receives-buy-rating-from-barclays-plc.html.

In other ARRIS International PLC news, insider Robert J. Stanzione sold 30,000 shares of the company’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $30.15, for a total value of $904,500.00. Following the completion of the sale, the insider now directly owns 848,856 shares of the company’s stock, valued at approximately $25,593,008.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Stanzione sold 50,000 shares of the company’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $31.00, for a total transaction of $1,550,000.00. Following the completion of the sale, the insider now directly owns 798,856 shares of the company’s stock, valued at $24,764,536. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of ARRIS International PLC by 16.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 931,846 shares of the company’s stock worth $26,399,000 after buying an additional 128,540 shares during the last quarter. Credit Suisse AG increased its stake in shares of ARRIS International PLC by 86.1% in the third quarter. Credit Suisse AG now owns 879,885 shares of the company’s stock worth $24,927,000 after buying an additional 407,056 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of ARRIS International PLC by 1.5% in the third quarter. Ameritas Investment Partners Inc. now owns 99,060 shares of the company’s stock worth $2,806,000 after buying an additional 1,432 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of ARRIS International PLC during the third quarter worth about $6,362,000. Finally, Eaton Vance Management purchased a new stake in shares of ARRIS International PLC during the third quarter worth about $269,000. 84.33% of the stock is owned by institutional investors and hedge funds.

ARRIS International PLC Company Profile

ARRIS International plc focuses on entertainment and communications technology. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

5 Day Chart for NASDAQ:ARRS

Receive News & Stock Ratings for ARRIS International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International PLC and related stocks with our FREE daily email newsletter.