Analyst Ratings for ARRIS International PLC (ARRS)Updated: 2017-07-28
ARRIS International PLC (NASDAQ:ARRS) was awarded an average rating of Buy from investment analysts following the stock. About 30 days ago, ARRS was issued an average rating of Buy.
A buy rating was issued by 8 analysts, 1 issued an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for ARRS. The maximum price target given was 40, which equates to a potential upside of 43.68 percent. The lowest price target was 24, which equates to a potential downside of -13.79 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -5.01 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.2 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.32 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of ARRS's earnings is estimated by analysts to be 135.19 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ARRS is 0.22.
In the last 52-weeks, ARRS has achieved a high of 31.52 and a low of 24.75. Currently the stock is 12.48 percent higher than its low, and 11.68 percent below the high. ARRS has a P/E ratio of 29.94. Investors typically compare the P/E ratio to a company's peers in the industry. The ARRS value stock report compares ARRS to some of its peers using value stock charts. The stock has a market capitalization of $5.23 billion. ARRS will post this quarters earnings in days, on 0000-00-00.