Arrow Electronics (ARW) : Zacks Investment Research ranks Arrow Electronics (ARW) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.71, which indicates as a Buy.
Arrow Electronics (ARW) : The highest level Arrow Electronics (ARW) is projected to reach is $83 for the short term and the lowest estimate is at $63. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $71.17 and the possibility the share price can swing is $6.55.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Arrow Electronics (NYSE:ARW). The current rating of the shares is Sell, according to the research report released by the firm. The brokerage firm raises the price target from $48 per share to $57 per share. The rating by the firm was issued on August 3, 2016.
Arrow Electronics (NYSE:ARW): After opening at $61.62, the stock dipped to an intraday low of $61.55 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.55 and the buying power remained strong till the end. The stock closed at $62.02 for the day, a gain of 0.94% for the day session. The total traded volume was 570,852. The stocks close on the previous trading day was $61.44.
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.