Motorola Solutions Inc. Hits New 52-Week High at $66.39 (MSI)
Shares of Motorola Solutions (NYSE:MSI) hit a new 52-week high during trading hours on Wednesday, Analyst Ratings.Net reports. The company traded as high as $66.39 and last traded at $62.39, with a volume of 7,547,942 shares trading hands. The stock had previously closed at $60.43.
A number of analysts have recently weighed in on MSI shares. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Motorola Solutions in a research note to investors on Wednesday. Separately, 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. Finally, 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. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $57.22.
Motorola Solutions has a one year low of $49.49 and a one year high of $64.72. The stock’s 50-day moving average is $56.45 and its 200-day moving average is $58.69. The company has a market cap of $16.580 billion and a P/E ratio of 17.20.
Motorola Solutions (NYSE:MSI) last released its earnings data on Wednesday, October 23rd. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Motorola Solutions will post $4.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, December 11th.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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