Motorola Solutions Price Target Increased to $59.00 by Analysts at Cowen and Company (MSI)
Cowen and Company boosted their price objective on shares of Motorola Solutions (NYSE:MSI) from $55.00 to $59.00 in a research note issued on Monday, Analyst Ratings Net reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective points to a potential downside of 5.51% from the stock’s previous close.
In other Motorola Solutions news, EVP Mark F. Moon sold 20,354 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $62.37, for a total transaction of $1,269,478.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Motorola Solutions (NYSE:MSI) traded down 0.87% on Monday, hitting $62.44. 1,261,635 shares of the company’s stock traded hands. Motorola Solutions has a 52-week low of $49.49 and a 52-week 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 $16.154 billion and a price-to-earnings ratio of 15.94.
Motorola Solutions (NYSE:MSI) last issued its quarterly 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. Analysts expect that Motorola Solutions will post $4.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders 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 1.99%. The ex-dividend date of this dividend is Wednesday, December 11th.
A number of other firms have also recently commented on MSI. Analysts at MKM Partners raised their price target on shares of Motorola Solutions from $58.00 to $68.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.09.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.