ARM Holdings plc Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:ARMH)

Share on StockTwits

Shares of ARM Holdings plc (NASDAQ:ARMH) have been given a consensus recommendation of “Buy” by the thirty ratings firms that are presently covering the company, AnalystRatings.NET reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $48.29.

A number of research firms have recently commented on ARMH. Analysts at Credit Suisse reiterated an “outperform” rating on shares of ARM Holdings plc in a research note on Tuesday. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of ARM Holdings plc in a research note on Monday, June 16th. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Tuesday, June 10th. They now have a $45.59 price target on the stock, down previously from $60.00.

ARM Holdings plc (NASDAQ:ARMH) opened at 45.125 on Wednesday. ARM Holdings plc has a 52-week low of $36.00 and a 52-week high of $55.26. The stock’s 50-day moving average is $45.25 and its 200-day moving average is $48.03. The company has a market cap of $21.193 billion and a price-to-earnings ratio of 110.12.

ARM Holdings plc (NASDAQ:ARMH) last released its earnings data on Wednesday, April 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $186.70 million for the quarter, compared to the consensus estimate of $185.65 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that ARM Holdings plc will post $1.20 EPS for the current fiscal year.

ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Shares of Smith & Wesson Plummeting
Shares of Smith & Wesson Plummeting
Sales Growth Still Elusive at Best Buy
Sales Growth Still Elusive at Best Buy
PlayStation Network Attacked by Hackers
PlayStation Network Attacked by Hackers
Undercover Colors: Date Rape Nail Polish Available Soon
Undercover Colors: Date Rape Nail Polish Available Soon
Over 2.2 Million Bean Bags Are Being Recalled
Over 2.2 Million Bean Bags Are Being Recalled
Supermarkets to Start Fingerprinting to Fight Smuggling
Supermarkets to Start Fingerprinting to Fight Smuggling


 
© 2006-2014 WKRB News.