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.
A number of analysts gave price targets for ARRS. The most optimistic price target was 40, implying potential capital gains of 43.68 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside of -13.79 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -5.01 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -0.2 percent. 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 made positive revisions to their quarterly estimates over the past month, 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, 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, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, 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. The current market price is above the trailing year's low by 12.48 percent, and 11.68 percent lower than its 52-week 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 market cap of ARRS is $5.23 billion. ARRS will post this quarters earnings in days, on 0000-00-00.