Impact of Brokerage Rating on Arrow Electronics, Inc.(ARW)

Many Arrow Electronics, Inc.(ARW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Arrow Electronics was Downgraded by SunTrust to Hold on Jan 3, 2017.

Company has reported several Insider transactions to the SEC, on Nov 28, 2016, Mary Catherine Morris (Chief Strategy Officer) sold 8,000 shares at 67.75 per share price.On Nov 10, 2016, Sean J Kerins (President, Global ECS) sold 4,000 shares at 62.00 per share price.On Aug 23, 2016, Michael J Long (Chairman, President & CEO) sold 44,777 shares at 66.35 per share price.

Arrow Electronics Last issued its quarterly earnings results on Feb 7, 2017. The company reported $2.00 EPS for the quarter. Analyst had a consensus estimate of $2.00. The company had revenue of $6442.90 million for the quarter, compared to analysts expectations of $6530.06 million. The companys revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.94 EPS.

Arrow Electronics, Inc. (NYSE:ARW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 7 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

Arrow Electronics, Inc. (NYSE:ARW): 6 Analyst have given the stock of Arrow Electronics, Inc. (NYSE:ARW) a near short term price target of $74.5. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.46. The higher price target estimate is at $80 while the lower price estimates are fixed at $70.

Arrow Electronics, Inc. (NYSE:ARW) rose 0.87% or 0.62 points on Tuesday and made its way into the gainers of the day. After trading began at $71.29 the stock was seen hitting $72.235 as a peak level and $70.72 as the lowest level. The stock ended up at $72.21. The daily volume was measured at 803,748 shares. The 52-week high of the share price is $74.67 and the 52-week low is $53.73. The company has a market cap of $6,422 million.

Arrow Electronics, Inc. is the worlds largest distributor of electronic components and computer products to industrial and commercial customers. The company is a major global provider of products, services, and solutions to industrial and commercial users of electronic components and computer products. The company offers sales, service, and technical support capabilities that not only enable the company to provide the most powerful line card to their customers, but to be their strategic business partner as well. Through a wide range of value-added services, the company assists their customers reduce their time to market, lower their total cost of ownership, and enhance their overall competitiveness.

Arrow

Share this post

Post Comment