Motorola Solutions Downgraded to Neutral at Tigress Financial (MSI)
Motorola Solutions (NYSE:MSI) traded down 0.65% during mid-day trading on Friday, hitting $66.02. The stock had a trading volume of 356,781 shares. Motorola Solutions has a 52 week low of $53.62 and a 52 week high of $68.33. The stock has a 50-day moving average of $66.94 and a 200-day moving average of $65.71. The company has a market cap of $16.783 billion and a price-to-earnings ratio of 17.03.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts predict that Motorola Solutions will post $3.63 earnings per share for the current fiscal year.
MSI has been the subject of a number of other recent research reports. Analysts at Mizuho downgraded shares of Motorola Solutions from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 22nd. They now have a $56.00 price target on the stock, down previously from $63.00. Separately, analysts at Zacks downgraded shares of Motorola Solutions from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 21st. They now have a $60.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of Motorola Solutions from $67.00 to $66.00 in a research note on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Motorola Solutions has a consensus rating of “Hold” and a consensus price target of $64.27.
Motorola Solutions, Inc (NYSE:MSI) provides 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.