A number of other firms have also recently commented on ARW. Analysts at Zacks reiterated a ?neutral? rating on shares of Arrow Electronics in a research note to investors on Friday, January 11th. They now have a $40.00 price target on the stock. Analysts at Credit Agricole downgraded shares of Arrow Electronics from an ?outperform? rating to an ?underperform? rating in a research note to investors on Tuesday, December 11th. They now have a $39.00 price target on the stock. They noted that the move was a valuation call.
Seven analysts have rated the stock with a buy rating, one has given an overweight rating, four have assigned a hold rating, and one has given an underweight rating to the company. The stock presently has an average rating of ?overweight? and an average target price of $40.45.
Shares of Arrow Electronics opened at 38.93 on Wednesday. Arrow Electronics has a one year low of $30.84 and a one year high of $43.39. The stock?s 50-day moving average is currently $38.26. The company has a market cap of $4.125 billion and a P/E ratio of 8.65.
Arrow Electronics last posted its quarterly earnings results on Wednesday, October 31st. The company reported $1.02 earnings per share for the quarter, beating the analysts? consensus estimate of $0.99 by $0.03. Arrow Electronics?s revenue was down 4.3% compared to the same quarter last year. Arrow Electronics has set its Q4 guidance at $1.01-1.13 EPS. Analysts expect that Arrow Electronics will post $4.21 EPS for the current fiscal year.
Arrow Electronics, Inc. (Arrow) is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.