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Arris (NASDAQ:ARRS) Upgraded to Buy Rating at Goldman Sachs from Neutral

Goldman Sachs Analyst Rating Change Arris NASDAQ:ARRS

Arris (NASDAQ:ARRS) Change of Rating

Arris (NASDAQ:ARRS)’s Stock was boosted to Buy by stock analysts at Goldman Sachs. ARRS’s Neutral rating is no longer valid.

Despite the company’s rating upgrade NASDAQ:ARRS is now trading -1.58% lower at $24.98 as of 2:02 AM New York time. Arris’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 13.53% over the same time.

According to data compiled by Thomson Reuters, Arris (NASDAQ:ARRS)’s stock is covered by 7 equity analysts across the Street, with 0 analysts giving it a Sell rating, 5 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $32.71, which reflects an upside potential of 30.94% over the current price.

Institutional Ownership

Baxter Bros Inc had the largest stake with ownership of 169,545 shares as of Q2 2015 for 1.62% of the stock exposure. Schwartz Investment Counsel Inc is another quite bullish institutional investor who is having 310,000 shares of Arris or 0.63% of their stock exposure. In addition, Vantage Investment Advisors Llc have 0.03% of their stock exposure invested in the company for 2,251 shares. The Texas-based fund Twin Tree Management Lp disclosed it had purchased a stake worth about 0% of the institutional investor’s stock portfolio in Arris. The California-based fund Gemmer Asset Management Llc is also positive about the stock, possessing 5,511 shares or 0% of their stock exposure.

Arris (NASDAQ:ARRS) Profile

Arris Group IncARRIS International plc focuses on entertainment and communications technology. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

Arris (NASDAQ:ARRS) traded down -1.58% on 14 March, hitting $24.98. A total of 600 shares of the company’s stock traded hands. This is down from average of 2.33M shares. Arris has a 52 week low of $20.05 and a 52 week high of $31.52. The company has a market cap of $4.81B and a P/E ratio of 291.58.

Get the latest Arris (NASDAQ:ARRS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Arris (NASDAQ:ARRS) Upgraded to Buy Rating at Goldman Sachs from Neutral appeared first on Octafinance.

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Arris (NASDAQ:ARRS) Upgraded to Buy Rating at Goldman Sachs from Neutral


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