ARRIS Group (ARRS) : 7 analysts are covering ARRIS Group (ARRS) and their average rating on the stock is 1.29, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ARRIS Group (ARRS) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels.
ARRIS Group (ARRS) stock is expected to deviate a maximum of $3.76 from the average target price of $34.17 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $30.
ARRIS Group (NASDAQ:ARRS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.49 and $22.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.80, notching a gain of 1.20% for the day. The total traded volume was 4,836,846 . The stock had closed at $22.53 on the previous day.
Also, Major Brokerage house, Jefferies assumes its ratings on ARRIS Group (NASDAQ:ARRS). In the latest research report, Jefferies announces the target price to $31 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 10, 2016. The company shares have dropped -25.84% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $32.93 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $22.80 and the 200 Day Moving Average price is recorded at $23.92.