Arrow Electronics (ARW) Receives Price Target

Arrow Electronics (ARW) : 6 Wall Street analysts covering Arrow Electronics (ARW) believe that the average level the stock could reach for the short term is $71.17. The maximum price target given is $83 and the minimum target for short term is around $63, hence the standard deviation is calculated at $6.55.

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.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Arrow Electronics (NYSE:ARW). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Citigroup 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): The stock opened at $66.03 on Thursday but the bulls could not build on the opening and the stock topped out at $66.21 for the day. The stock traded down to $65.20 during the day, due to lack of any buying support eventually closed down at $65.64 with a loss of -0.29% for the day. The stock had closed at $65.83 on the previous day. The total traded volume was 433,555 shares.

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.

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