Arrow Electronics (ARW) has an average broker rating of 1.71, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Arrow Electronics (ARW) stock is expected to deviate a maximum of $6.55 from the average target price of $71.17 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $83 and the most muted being $63.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Arrow Electronics (NYSE:ARW). Citigroup has a Sell rating on the shares. As per the latest research report, the brokerage house raises the price target to $57 per share from a prior target of $48. The rating by the firm was issued on August 3, 2016.
Arrow Electronics (NYSE:ARW): The stock opened at $64.73 and touched an intraday high of $65.81 on Wednesday. During the day, the stock corrected to an intraday low of $64.73, however, the bulls stepped in and pushed the price higher to close in the green at $65.58 with a gain of 1.00% for the day. The total traded volume for the day was 422,036. The stock had closed at $64.93 in the previous trading session.
Arrow Electronics, Inc. (Arrow) is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory, and disposition solutions to redeploy, remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products, services and solutions to value-added resellers (VARs) in the Americas, EMEA and Asia Pacific regions.