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.
Investment analysts gave a few price targets for ARRS. The most optimistic price target 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.2 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -1.32 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
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 people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. ARRS has a PEG ratio of 0.22.
ARRS has traded between a high of 31.52 and a low of 24.75 over the past year. Currently the stock is 12.48 percent higher than its low, and below the high by 11.68 percent. ARRS has a price/earnings 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 market cap of ARRS is $5.23 billion. ARRS's next earnings release will be on 0000-00-00, which is days away.