Arrow Electronics (ARW) – Investment Analysts’ Recent Ratings Changes

Arrow Electronics (NYSE: ARW) has recently received a number of price target changes and ratings updates:

  • 9/19/2017 – Arrow Electronics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Estimates for Electronic component distributor, Arrow Electronics have moved north of late. Shares of the company have also outperformed the industry over the last one year. Original equipment manufacturers, contract manufacturers and commercial customers are selecting Arrow’s strong distribution channels for marketing their products, which is driving its revenues. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 9/18/2017 – Arrow Electronics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Estimates for Electronic component distributor, Arrow Electronics have not moved around much of late. Shares of the company have outperformed the industry over the last one year. Original equipment manufacturers, contract manufacturers and commercial customers are selecting Arrow’s strong distribution channels for marketing their products, which is driving its revenues. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 9/12/2017 – Arrow Electronics had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $86.00 price target on the stock.
  • 9/12/2017 – Arrow Electronics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Estimates for Electronic component distributor, Arrow Electronics have not moved around much of late. Shares of the company have outperformed the industry over the last one year. Original equipment manufacturers, contract manufacturers and commercial customers are selecting Arrow’s strong distribution channels for marketing their products, which is driving its revenues. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 9/11/2017 – Arrow Electronics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “Estimates for Electronic component distributor, Arrow Electronics have not moved around much of late. Shares of the company have outperformed the industry over the last one year. Original equipment manufacturers, contract manufacturers and commercial customers are selecting Arrow’s strong distribution channels for marketing their products, which is driving its revenues. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 9/1/2017 – Arrow Electronics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “The electronic component distributor, Arrow Electronics’ estimates has moved north off late. Shares of the company have also outperformed the industry over the last one year. The upside can be attributed to encouraging third-quarter guidance. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 8/30/2017 – Arrow Electronics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The electronic component distributor, Arrow Electronics’ estimates has moved north off late. Shares of the company have also outperformed the industry over the last one year. The upside can be attributed to encouraging third-quarter guidance. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 8/24/2017 – Arrow Electronics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “The electronic component distributor, Arrow Electronics’ estimates has moved north off late. Shares of the company have also outperformed the industry over the last one year. The upside can be attributed to encouraging third-quarter guidance. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 8/23/2017 – Arrow Electronics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The electronic component distributor, Arrow Electronics’ estimates has moved north off late. Shares of the company have also outperformed the industry over the last one year. The upside can be attributed to encouraging third-quarter guidance. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns.”
  • 8/15/2017 – Arrow Electronics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2017 – Arrow Electronics was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/9/2017 – Arrow Electronics had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $81.00 price target on the stock, up previously from $76.00.
  • 8/2/2017 – Arrow Electronics was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Arrow Electronics, Inc. (ARW) opened at 79.80 on Wednesday. Arrow Electronics, Inc. has a 12-month low of $58.51 and a 12-month high of $84.53. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 14.59 and a beta of 1.12. The stock has a 50 day moving average price of $77.62 and a 200-day moving average price of $76.16.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $6.47 billion for the quarter, compared to the consensus estimate of $6.23 billion. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. On average, analysts predict that Arrow Electronics, Inc. will post $7.32 EPS for the current fiscal year.

In related news, Chairman Michael J. Long sold 20,910 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.01, for a total value of $1,589,369.10. Following the sale, the chairman now owns 346,486 shares in the company, valued at approximately $26,336,400.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sean J. Kerins sold 4,477 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $77.16, for a total value of $345,445.32. Following the completion of the sale, the insider now owns 26,213 shares in the company, valued at approximately $2,022,595.08. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Arrow Electronics, Inc 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 various electronic components and enterprise computing solutions suppliers.

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