Analyst Ratings for Arrow Electronics Inc. (ARW)Updated: 2017-07-26
Arrow Electronics Inc. (NYSE:ARW) was awarded an average rating of Overweight from investment analysts following the stock. Last month, ARW received an average rating of Overweight.
Of the 11 analysts covering the stock, 5 gave it a buy rating, 0 issued an overweight rating, 5 gave a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
ARW was given price targets by several analysts. The most optimistic price target was 95, implying a possible profit of 13.72 percent. The most pessimistic analyst gave a price target of 67, implying a possible loss of -19.8 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.57 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 0.88 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.21 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.14 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
The growth rate of ARW's earnings is estimated by analysts to be 22.68 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ARW is 0.64.
ARW has traded between a high of 84.21 and a low of 58.52 over the past year. Currently the stock is 42.75 percent higher than its low, and below the high by 0.8 percent. ARW has a price/earnings ratio of 14.44. Investors typically compare the P/E ratio to a company's peers in the industry. The ARW value stock report compares ARW to some of its peers using value stock charts. The stock has a market capitalization of $7.45 billion. ARW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.