Arrow Electronics found using ticker (ARW) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 135 and 115 with the average target price sitting at 124.86. With the stocks previous close at 116.34 this indicates there is a potential upside of 7.3%. The 50 day moving average now sits at 115.28 and the 200 day moving average is 102.57. The company has a market cap of $8,782m. You can visit the company’s website by visiting: http://www.arrow.com
Arrow Electronics provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. The Global Enterprise Computing Solutions segment offers computing solutions, including data-center, cloud, security, and analytics solutions, as well as access to various services, including engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training. The company serves original equipment manufacturers, value-added resellers, as well as manages service providers, contract manufacturers, and other commercial customers. Arrow Electronics was founded in 1935 and is based in Centennial, Colorado.