Stifel Nicolaus analyst Matthew Sheerin maintained a Hold rating on Arrow Electronics (NYSE:ARW) on Friday, setting a price target of $50, which is approximately 52.34% below the present share price of $104.91.
Sheerin expects Arrow Electronics to post earnings per share (EPS) of $2.15 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Arrow Electronics, with an average price target of $93.67.
The analysts price targets range from a high of $100 to a low of $85.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $7.23 billion and a net profit of $237.65 million. The company's market cap is $7.93 billion.
According to TipRanks.com, Stifel Nicolaus analyst Matthew Sheerin is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.8% and a 66.44% success rate.
Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates through two segments: Global Components Business and Global Enterprise Computing Solutions. The Global Components segment involves in the marketing and distribution of electronic components and provides a range of value added capabilities throughout the entire life cycle of technology products and services through design engineering, global marketing, and integration, global logistics and supply chain management. The Global Enterprise Computing Solutions segment provides computing solutions, and services which include datacenter, cloud, security, and analytics solutions. The company was founded by Robert W. Wentworth and John C. Waddell in 1946 and is headquartered in Centennial, CO.