Motorola Solutions Lowered to Market Perform at Raymond James (MSI)
Motorola Solutions (NYSE:MSI) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Motorola Solutions (NYSE:MSI) traded up 3.34% during mid-day trading on Wednesday, hitting $62.45. 3,842,518 shares of the company’s stock traded hands. 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 $16.603 billion and a price-to-earnings ratio of 17.20.
Motorola Solutions (NYSE:MSI) last issued its quarterly 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. 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. Shareholders 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 2.05%. The ex-dividend date is Wednesday, December 11th.
A number of other analysts have also recently weighed in on MSI. 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. Separately, 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. Finally, analysts at Thomson Reuters/Verus downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $58.50.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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