Analyst Rating Update on Arrow Electronics (ARW)

Arrow Electronics (ARW) : 4 brokerage houses believe that Arrow Electronics (ARW) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Arrow Electronics (ARW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.71.

Arrow Electronics (ARW) : Currently there are 6 street experts covering Arrow Electronics (ARW) stock. The most bullish and bearish price target for the stock is $83 and $63 respectively for the short term. The average price target of all the analysts comes to $70.5. The estimated standard deviation from the target is $6.66.

For the current week, the company shares have a recommendation consensus of Buy.


Arrow Electronics (NYSE:ARW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.46 and $63.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.30, notching a gain of 1.90% for the day. The total traded volume was 831,000 . The stock had closed at $63.10 on the previous day.

Arrow Electronics, Inc. (Arrow) 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 (ECS) suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory, and disposition solutions to redeploy, remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products, services and solutions to value-added resellers (VARs) in the Americas, EMEA and Asia Pacific regions.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.