Arrow Electronics, Inc. (ARW) Stock Formed Double Top Pattern. What To Expect?

Investors sentiment decreased to 0.92 in 2017 Q2. Its down 0.02, from 0.94 in 2017Q1. During the same quarter last year, the firm earned $1.56 EPS. sell-side analysts forecast that Arrow Electronics, Inc. will post 7.35 earnings per share for the current fiscal year. California Employees Retirement Systems holds 278,965 shares or 0.04% of its portfolio. Allianz Asset Management GmbH owned about 0.86% of Arrow Electronics worth $61,152,000 at the end of the most recent reporting period. (NYSE:ARW) by 123.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Principal Grp Inc Inc invested in 0.04% or 504,821 shares. (NYSE:ARW). Mu Investments holds 590 shares. Paragon Capital Management Ltd purchased a new stake in Arrow Electronics in the third quarter valued at approximately $201,000. (NYSE:ARW). Moreover, Northern Trust has 0.02% invested in Arrow Electronics, Inc. Vanguard Group Inc. grew its position in shares of Arrow Electronics by 2.2% during the 2nd quarter. (NYSE:ARW). Artisan Partners Lp stated it has 0.39% of its portfolio in Arrow Electronics, Inc. Alyeska Invest Grp Incorporated L P accumulated 0.76% or 1.08M shares. Parkside Bancshares & Tru reported 83 shares or 0% of all its holdings. Canada Pension Plan Inv Board holds 0.01% or 75,804 shares in its portfolio. Creative Planning reported 902 shares or 0% of all its holdings. Advisory Serv Ltd Liability Com has 1,409 shares. Landscape Management Limited Liability Corp has invested 0.05% in Arrow Electronics, Inc. $67.80's average target is -12.09% below currents $77.12 stock price. The company has market cap of $6.80 billion. It was reported on Dec, 7 by Finviz.com. The company now has a consensus rating of "Hold" and a consensus target price of $71.17. Double tops are rare but powerful chart patterns.

The stock increased 0.74% or $0.57 during the last trading session, reaching $77.61. About 120,206 shares traded. Arrow Electronics, Inc. (NYSE:ARW) has risen 21.10% since December 7, 2016 and is uptrending. It has outperformed by 4.40% the S&P500. Arrow Electronics, Inc. has a 1-year low of $68.55 and a 1-year high of $84.53.

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Several research firms have recently issued reports on ARW. ARW's profit will be $202.12 million for 8.47 P/E if the $2.29 EPS becomes a reality. Advisory Services Network LLC now owns 1,409 shares of the technology company's stock valued at $110,000 after acquiring an additional 1,170 shares during the period. Arrow Electronics's quarterly revenue was up 5.2% compared to the same quarter previous year. Zacks Investment Research downgraded Arrow Electronics from a "buy" rating to a "hold" rating in a research report on Wednesday, October 4th. Therefore 60% are positive. The technology company reported $1.82 earnings per share for the quarter, meeting analysts' consensus estimates of $1.82. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The stock has "Buy" rating by Credit Agricole on Wednesday, July 29. On Tuesday, September 20 the stock rating was downgraded by Goldman Sachs to "Neutral". Thrivent Financial For Lutherans grew its position in shares of Arrow Electronics by 2,948.5% during the 2nd quarter. (NYSE:ARW) has "Buy" rating given on Monday, May 9 by Goldman Sachs. The firm has "Buy" rating given on Wednesday, October 4 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of ARW in report on Monday, July 17 with "Buy" rating. (NYSE:ARW) has "Buy" rating given on Wednesday, July 29 by CLSA. The company was upgraded on Friday, January 22 by Longbow. Stifel Nicolaus restated a "buy" rating and set a $86.00 target price on shares of Arrow Electronics in a research report on Tuesday, September 12th. (NYSE:ARW) news were published by: Seekingalpha.com which released: "Arrow Electronics (ARW) Q2 2017 Results - Earnings Call Transcript" on August 03, 2017, also Nasdaq.com with their article: "Arrow Electronics Breaks Below 200-Day Moving Average - Notable for ARW" published on December 06, 2017, Marketwired.com published: "Arrow Electronics and ON Semiconductor to Exhibit IoT Solutions at India IoT ..." on November 15, 2017. Finally, Timber Hill LLC acquired a new position in Arrow Electronics in the second quarter valued at approximately $234,000.

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