ValuEngine upgraded shares of ARRIS International (NASDAQ:ARRS) from a sell rating to a hold rating in a report published on Wednesday.

Other equities research analysts also recently issued research reports about the company. Northland Securities reissued a hold rating and set a $23.00 price target on shares of ARRIS International in a research report on Thursday, August 2nd. TheStreet raised ARRIS International from a c rating to a b- rating in a research report on Friday, September 21st. Wells Fargo & Co began coverage on ARRIS International in a research report on Thursday, July 12th. They set an outperform rating and a $32.00 price target on the stock. BidaskClub raised ARRIS International from a strong sell rating to a sell rating in a research report on Friday, October 19th. Finally, Raymond James downgraded ARRIS International from a strong-buy rating to an outperform rating and reduced their target price for the company from $36.00 to $29.00 in a report on Monday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. ARRIS International presently has an average rating of Hold and a consensus target price of $30.21.

NASDAQ:ARRS traded up $0.04 during trading hours on Wednesday, reaching $30.72. 17,455,823 shares of the company were exchanged, compared to its average volume of 1,962,902. The company has a market capitalization of $5.01 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.65 and a beta of 1.16. ARRIS International has a 1-year low of $21.55 and a 1-year high of $30.90. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.59 and a quick ratio of 1.16.

ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. ARRIS International had a return on equity of 16.82% and a net margin of 1.83%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, sell-side analysts anticipate that ARRIS International will post 2.59 EPS for the current fiscal year.

In other ARRIS International news, CEO Bruce William Mcclelland bought 1,500 shares of ARRIS International stock in a transaction on Monday, August 13th. The shares were purchased at an average price of $24.08 per share, with a total value of $36,120.00. Following the acquisition, the chief executive officer now owns 242,256 shares in the company, valued at approximately $5,833,524.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its holdings in shares of ARRIS International by 8.3% during the 3rd quarter. US Bancorp DE now owns 37,066 shares of the communications equipment provider’s stock valued at $965,000 after acquiring an additional 2,849 shares in the last quarter. Hallmark Capital Management Inc. boosted its holdings in shares of ARRIS International by 0.8% during the 2nd quarter. Hallmark Capital Management Inc. now owns 410,082 shares of the communications equipment provider’s stock valued at $10,024,000 after acquiring an additional 3,130 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of ARRIS International by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 121,559 shares of the communications equipment provider’s stock valued at $2,972,000 after acquiring an additional 3,808 shares in the last quarter. HGK Asset Management Inc. boosted its holdings in shares of ARRIS International by 17.0% during the 2nd quarter. HGK Asset Management Inc. now owns 26,413 shares of the communications equipment provider’s stock valued at $646,000 after acquiring an additional 3,834 shares in the last quarter. Finally, Paloma Partners Management Co boosted its holdings in shares of ARRIS International by 9.0% during the 2nd quarter. Paloma Partners Management Co now owns 52,562 shares of the communications equipment provider’s stock valued at $1,284,000 after acquiring an additional 4,345 shares in the last quarter. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

About ARRIS International

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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