ARRIS International (ARRS) Stock Rating Lowered by ValuEngine

ARRIS International (NASDAQ:ARRS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Several other analysts have also commented on ARRS. Raymond James Financial set a $38.00 price target on shares of ARRIS International and gave the company a “buy” rating in a research report on Monday, December 4th. BidaskClub lowered shares of ARRIS International from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Morgan Stanley lowered shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price target for the company. in a research report on Tuesday, December 19th. Zacks Investment Research lowered shares of ARRIS International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, TheStreet lowered shares of ARRIS International from a “b” rating to a “c+” rating in a research report on Friday, January 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. ARRIS International has an average rating of “Hold” and a consensus target price of $33.22.

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Shares of ARRS stock traded down $0.10 during mid-day trading on Monday, hitting $26.47. 2,226,725 shares of the stock traded hands, compared to its average volume of 1,588,165. The firm has a market cap of $4,921.79, a price-to-earnings ratio of 10.89, a PEG ratio of 1.05 and a beta of 1.18. ARRIS International has a 52-week low of $22.60 and a 52-week high of $30.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.51.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.12. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. ARRIS International had a net margin of 1.41% and a return on equity of 14.69%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. equities analysts predict that ARRIS International will post 2.54 earnings per share for the current fiscal year.

ARRIS International declared that its Board of Directors has approved a stock buyback plan on Thursday, March 22nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the communications equipment provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In related news, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the completion of the transaction, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bruce William Mcclelland acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of $25.91 per share, with a total value of $51,820.00. Following the completion of the transaction, the chief executive officer now directly owns 216,158 shares in the company, valued at $5,600,653.78. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 9,500 shares of company stock valued at $241,440 and sold 10,653 shares valued at $279,237. Company insiders own 1.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP purchased a new position in shares of ARRIS International in the 4th quarter valued at approximately $100,000. Icon Advisers Inc. Co. acquired a new position in ARRIS International in the 4th quarter worth approximately $206,000. Capital Fund Management S.A. increased its holdings in ARRIS International by 25.5% in the 4th quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock worth $316,000 after buying an additional 2,500 shares during the period. Oakbrook Investments LLC acquired a new position in ARRIS International in the 4th quarter worth approximately $361,000. Finally, Crossmark Global Holdings Inc. increased its holdings in ARRIS International by 27.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 21,163 shares of the communications equipment provider’s stock worth $544,000 after buying an additional 4,572 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

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About ARRIS International

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 (NASDAQ:ARRS)

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