Motorola Solutions’s “Market Perform” Rating Reaffirmed at Wells Fargo & Co. (MSI)
Motorola Solutions (NYSE:MSI)‘s stock had its “market perform” rating restated by equities researchers at Wells Fargo & Co. in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Motorola Solutions from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Motorola Solutions in a research note to investors on Thursday, September 12th. They now have a $57.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Motorola Solutions in a research note to investors on Thursday, August 22nd. They now have a $59.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.22.
Motorola Solutions (NYSE:MSI) opened at 62.40 on Wednesday. Motorola Solutions has a 1-year low of $49.49 and a 1-year high of $64.72. The stock has a 50-day moving average of $56.45 and a 200-day moving average of $58.69. The company has a market cap of $16.589 billion and a price-to-earnings ratio of 17.76.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.14. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $0.84 earnings per share. Motorola Solutions’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Motorola Solutions will post $4.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, December 11th.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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