Motorola Solutions Receives Average Recommendation of “Hold” from Analysts (NYSE:MSI)
Shares of Motorola Solutions (NYSE:MSI) have been given an average rating of “Hold” by the fourteen analysts that are covering the stock, AmericanBankingNews.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $64.00.
MSI has been the subject of a number of recent research reports. Analysts at MKM Partners reiterated a “neutral” rating on shares of Motorola Solutions in a research note on Wednesday, August 6th. They now have a $64.00 price target on the stock, down previously from $66.00. Separately, analysts at Credit Suisse cut their price target on shares of Motorola Solutions from $70.00 to $65.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Finally, analysts at Tigress Financial downgraded shares of Motorola Solutions from a “buy” rating to a “neutral” rating in a research note on Friday, July 11th.
Shares of Motorola Solutions (NYSE:MSI) opened at 59.37 on Monday. Motorola Solutions has a one year low of $55.80 and a one year high of $68.33. The stock has a 50-day moving average of $63.30 and a 200-day moving average of $65.11. The company has a market cap of $14.895 billion and a price-to-earnings ratio of 9.72.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Tuesday, August 5th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.16. The company had revenue of $1.39 million for the quarter, compared to the consensus estimate of $1.96 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that Motorola Solutions will post $2.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 11th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.31.
Motorola Solutions, Inc (NYSE:MSI) provides communication infrastructure, devices, software and services.
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