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Analysts at Goldman Sachs Increased Arris Group Inc (NDAQ:ARRS) from “Neutral” to “Buy” Rating

Goldman Sachs Analyst Rating Change Arris Group Inc. NDAQ:ARRS

Arris Group Inc (NDAQ:ARRS) Rating Upgrade

In an analyst report shared with investors and clients on Tuesday, 14 March, Goldman Sachs stated it was upgrading Arris Group Inc (NDAQ:ARRS) Stock from a “Neutral” to a “Buy”.

This stock rating upgrade is well received by investors, as NDAQ:ARRS is now trading 4.52% higher at $26.11 as of 7:59 AM New York time. Arris Group Inc.’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has risen 13.53% over the same time period.

According to data compiled by Thomson Reuters, Arris Group Inc (NDAQ: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 25.28% over the current price.

ARRS Stock Chart

Institutional Ownership

Baxter Bros Inc had the most significant stake with ownership of 169,545 shares as of q2 2015 for 1.62% of the stock exposure. Schwartz Investment Counsel Inc is another notably bullish institutional investor who is possessing 310,000 shares of Arris Group Inc. or 0.63% of their stock exposure. Moreover, 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 acquired a stake worth about 0% of the institutional investor’s stock portfolio in Arris Group Inc.. 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 Group Inc (NDAQ: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 Group Inc (NDAQ:ARRS) traded up 4.52% on 14 March, hitting $26.11. A total of 2.79M shares of the company’s stock traded hands. This is up from average of 2.41M shares. Arris Group Inc. has a 52 week low of $20.05 and a 52 week high of $31.52. The company has a market cap of $4.89B and a P/E ratio of 304.77.

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

The post Analysts at Goldman Sachs Increased Arris Group Inc (NDAQ:ARRS) from “Neutral” to “Buy” Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Goldman Sachs Increased Arris Group Inc (NDAQ:ARRS) from “Neutral” to “Buy” Rating

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