Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.430 on ARRIS Group, Inc. (NASDAQ:ARRS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.820 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of ARRIS Group, Inc. (NASDAQ:ARRS) stands at N/A.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For ARRIS International plc, the PEG ratio for coming 3-5 years is 0.470.
The technical analysis highlights that ARRIS International plc current is trading $0.882 points away or +3.389% from its 50-day moving average of $26.023. Further it is trading $3.253 or +13.752% away its 200-day moving average of $23.652.
The 52-week high of ARRIS Group, Inc. (NASDAQ:ARRS) was $32.930 while lowest point recorded in 52-week was $20.050. It implies if stock price makes a movement of over $-6.025, it will record a new 52-week high. In the case of +34.190% drop, it will touch a new 52-week low.
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