Motorola Solutions, Inc. (MSI) Stock Rating Upgraded by Zacks Investment Research
Motorola Solutions, Inc. (NYSE:MSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $102.00 price objective on the communications equipment provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.06% from the stock’s current price.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry in the past one year. We are impressed by the company's strategy of growing through mergers and acquisitions. The acquisition of Spillman Technologies, last year, significantly expanded its product portfolio. The purchase of Interexport, earlier this year, is also a positive. We are impressed by Motorola’s efforts to reward investors through dividend payments and buybacks. These tailwinds will aid its second quarter results, to be released on Aug 3. However, we remain concerned about the company's exposure to foreign exchange movements. Moreoever, the reduction in government expenditure and macroeconomic fluctuations may affect the company’s top line, going forward.”
Several other research analysts also recently issued reports on the company. BidaskClub upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. BMO Capital Markets reiterated a “buy” rating on shares of Motorola Solutions in a report on Friday, June 23rd. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, May 30th. Raymond James Financial, Inc. upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Finally, UBS AG upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $90.92.
Motorola Solutions (NYSE MSI) opened at 91.84 on Thursday. The company has a 50-day moving average price of $87.58 and a 200 day moving average price of $83.97. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 25.39 and a beta of 0.31. Motorola Solutions has a 12 month low of $68.36 and a 12 month high of $92.19.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.14. Motorola Solutions had a negative return on equity of 102.32% and a net margin of 10.10%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Motorola Solutions will post $5.20 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. Iat Reinsurance Co. LTD. purchased a new stake in Motorola Solutions during the first quarter worth approximately $123,000. Mckinley Capital Management LLC Delaware purchased a new stake in Motorola Solutions during the first quarter worth approximately $135,000. Exane Derivatives increased its stake in Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 502 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Motorola Solutions during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 87.20% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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