A statement released earlier today by Zacks Investment Research about Arrow Electronics, Inc. (NYSE:ARW) raises the target price to $82.00
- Updated: January 11, 2017
Only yesterday Arrow Electronics, Inc. (NYSE:ARW) traded 0.79% higher at $73.75. The company’s 50-day moving average is $70.95 and its 200-day moving average is $65.54. The last stock close price is up 12.42% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 405,694 shares of ARW traded hands, down from an avg. volume of 477,165
Arrow Electronics, Inc. (NYSE:ARW) had its stock price target increased to $82.00 by Zacks Investment Research in a report issued 1/11/2017. The upped price target suggests a potential upside of 0.11% based on the company's last stock close price.
With a total market value of $0, Arrow Electronics, Inc. has price-earnings ratio of 13.24 with a one year low of $45.23 and a one year high of $74.21 .
A total of 10 firms have reported on the stock. 4 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 2 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $68.80.
Brief Synopsis On Arrow Electronics, Inc. (NYSE:ARW)
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 electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two segments: Global Components and Global Enterprise Computing Solutions. The Company distributes electronic components to original equipment manufacturers and contract manufacturers through its Global Components segment and provides enterprise computing solutions to value-added resellers (VARs) through its Global Enterprise Computing Solutions segment. The Company's Global Enterprise Computing Solutions segment's portfolio of computing solutions includes datacenter, cloud, security and analytics solutions.
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