ARRIS International plc (NASDAQ:ARRS) Assigned A Consensus Outperform Rating
ARRIS International plc (NASDAQ:ARRS) stock is presently standing at about $24.98 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $33.50, which suggests the stock could still rise over 25 percent. The highest analyst price target is $40.00, which implies a rally of 40 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 2 rate ARRS a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.
Northland Capital analysts provided their view on ARRIS International plc (NASDAQ:ARRS) recently. The rating firm issued a Market Perform rating to this company in a research note released on Feb 21, 2017. Morgan Stanley analysts disclosed their opinion on ARRIS International plc (NASDAQ:ARRS) recently. The rating firm gave a Overweight rating to this stock in a research note published on Sep 20, 2016. According to a research note disclosed on Mar 14, 2016, analysts at Goldman have lowered their rating on these shares from Buy to Neutral.
ARRIS International plc (NASDAQ:ARRS) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP OF FINANCE, CFO POTTS DAVID sold 8,378 company shares for 242290, in a transaction on 2017-02-02. Following the transaction, the EVP OF FINANCE, CFO is left with a stake of 80,880 shares, currently valued at $2020382. Meanwhile, PRES, INTL SALES AND MARKETING COPPOCK RONALD sold 4,341 shares worth $131710, through a transaction dated 2017-01-03. Following the completion of the transaction, the insider is left with a stake of 15,409 shares, amounting $384916.82. ARRS EXECUTIVE CHAIRMAN STANZIONE ROBERT J also sold 50,000 shares, at a stock price of $31. This transaction occurred on 2016-12-16 totals $1550000. After this transaction, the insider’s stake stands at 859,806 shares, with a market value of $21477954.
Executives hold 1.29 percent of the stock. Robert J. Stanzione is one of the biggest insider owners in ARRIS International plc (NASDAQ:ARRS), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 798,856 shares which have current market value of around $19955422.88.Lawrence A. Margolis is another major inside shareholder in the company. The insider owns 517,125 shares as of 0.27%, currently worth $12917782.5. Bruce W. McClelland is ranked as third insider holder of the stock. This insider holds 188,662 shares with a market value around $4712776.76 as of recent close.
ARRIS International plc (NASDAQ:ARRS) Earnings Outlook
In ARRIS International plc (NASDAQ:ARRS)’s latest quarter, EPS moved to $0.79 from $0.77 in preceding quarter and revenues reached at $1,775.49M compared to $1,734.76M. Analysts had expected ARRIS International plc (NASDAQ:ARRS) to post net income of about $0.70 per share on $1,700.30M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.38 to $0.41. That is compared with the $0.47 in EPS it reported during the same period a year ago.