Motorola Solutions PT Raised to $68.00 at MKM Partners (MSI)
Analysts at MKM Partners boosted their price target on shares of Motorola Solutions (NYSE:MSI) from $58.00 to $68.00 in a research report issued to clients and investors on Thursday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price target points to a potential upside of 8.78% from the stock’s previous close.
Shares of Motorola Solutions (NYSE:MSI) traded up 0.18% during mid-day trading on Thursday, hitting $62.51. The stock had a trading volume of 1,801,952 shares. Motorola Solutions has a 1-year low of $49.49 and a 1-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 $16.619 billion and a price-to-earnings ratio of 17.76.
Motorola Solutions (NYSE:MSI) last announced its earnings data on Wednesday, October 23rd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors 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 1.98%. The ex-dividend date is Wednesday, December 11th.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $61.00 to $65.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Motorola Solutions from $62.00 to $70.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Motorola Solutions from $55.00 to $61.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Hold” and an average target price of $61.30.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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