ARRIS International PLC (NASDAQ:ARRS) has earned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.00.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday. Northland Securities reissued a “hold” rating and issued a $24.00 target price on shares of ARRIS International PLC in a report on Thursday, August 3rd. BidaskClub lowered shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BTIG Research assumed coverage on shares of ARRIS International PLC in a report on Thursday, June 15th. They issued a “buy” rating and a $38.00 target price for the company. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $34.00 target price on shares of ARRIS International PLC in a report on Thursday, June 8th.

ARRIS International PLC (NASDAQ ARRS) opened at 26.90 on Friday. The stock has a market cap of $5.04 billion, a PE ratio of 40.63 and a beta of 1.31. ARRIS International PLC has a 1-year low of $24.75 and a 1-year high of $31.52. The firm has a 50-day moving average of $28.09 and a 200-day moving average of $27.54.

ARRIS International PLC (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Analysts expect that ARRIS International PLC will post $2.54 EPS for the current fiscal year.

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In other news, EVP David Potts sold 2,502 shares of ARRIS International PLC stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $27.67, for a total transaction of $69,230.34. Following the completion of the sale, the executive vice president now directly owns 90,592 shares in the company, valued at $2,506,680.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen J. Mccaffery sold 12,609 shares of ARRIS International PLC stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $30.00, for a total value of $378,270.00. Following the sale, the insider now owns 9,127 shares of the company’s stock, valued at $273,810. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,255 shares of company stock valued at $676,591. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Tyers Asset Management LLC increased its stake in ARRIS International PLC by 7.4% in the first quarter. Tyers Asset Management LLC now owns 5,792 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 400 shares during the period. Delta Capital Management LLC acquired a new stake in ARRIS International PLC during the second quarter valued at $210,000. Elkfork Partners LLC increased its stake in ARRIS International PLC by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,964 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 550 shares during the period. Cortina Asset Management LLC increased its stake in ARRIS International PLC by 9.5% in the first quarter. Cortina Asset Management LLC now owns 8,277 shares of the communications equipment provider’s stock valued at $219,000 after buying an additional 715 shares during the period. Finally, Bellwether Investment Group LLC increased its stake in ARRIS International PLC by 10.6% in the first quarter. Bellwether Investment Group LLC now owns 8,665 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 830 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

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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