ValuEngine cut shares of ARRIS International (NASDAQ:ARRS) from a buy rating to a hold rating in a research report sent to investors on Friday.

ARRS has been the subject of a number of other research reports. BidaskClub downgraded ARRIS International from a sell rating to a strong sell rating in a research report on Saturday, January 13th. Zacks Investment Research downgraded ARRIS International from a hold rating to a strong sell rating in a research report on Wednesday, January 31st. TheStreet upgraded ARRIS International from a c+ rating to a b rating in a research report on Monday, October 9th. Morgan Stanley downgraded ARRIS International from an overweight rating to an equal weight rating and set a $31.00 target price for the company. in a research report on Tuesday, December 19th. Finally, Northland Securities set a $25.00 target price on ARRIS International and gave the stock a hold rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $33.20.

Shares of ARRIS International (ARRS) opened at $25.47 on Friday. The firm has a market capitalization of $4,763.43, a price-to-earnings ratio of 10.93, a PEG ratio of 0.97 and a beta of 1.28. ARRIS International has a 52-week low of $24.75 and a 52-week high of $30.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83.

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

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

Institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of ARRIS International during the fourth quarter worth $100,000. Oakbrook Investments LLC acquired a new stake in shares of ARRIS International during the fourth quarter worth $361,000. Crossmark Global Holdings Inc. acquired a new stake in shares of ARRIS International during the third quarter worth $473,000. Quantbot Technologies LP acquired a new stake in shares of ARRIS International during the third quarter worth $514,000. Finally, Meeder Asset Management Inc. grew its stake in shares of ARRIS International by 38.8% during the third quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock worth $865,000 after purchasing an additional 8,496 shares during the period. 86.99% of the stock is 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.

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Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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