Motorola Solutions, Inc. (NYSE:MSI) had its target price upped by analysts at Deutsche Bank AG from $73.00 to $78.00 in a research note issued on Monday. The firm currently has a “hold” rating on the communications equipment provider’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 13.69% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Gabelli raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Raymond James Financial, Inc. raised shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and lifted their target price 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. Citigroup Inc. reaffirmed a “buy” rating and issued a $102.00 target price (up previously from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. Cowen and Company lowered their target price on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $93.50.

Motorola Solutions (NYSE:MSI) traded down 0.75% on Monday, reaching $89.69. 856,332 shares of the company were exchanged. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 24.80 and a beta of 0.32. Motorola Solutions has a 52 week low of $69.81 and a 52 week high of $92.67. The stock has a 50-day moving average price of $88.17 and a 200 day moving average price of $84.24.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Analysts forecast that Motorola Solutions will post $5.26 earnings per share for the current year.

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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Motorola Solutions by 2.8% in the first quarter. Vanguard Group Inc. now owns 16,036,418 shares of the communications equipment provider’s stock valued at $1,382,661,000 after buying an additional 444,109 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Motorola Solutions by 54.6% in the first quarter. Lazard Asset Management LLC now owns 8,988,989 shares of the communications equipment provider’s stock valued at $775,030,000 after buying an additional 3,174,388 shares in the last quarter. State Street Corp boosted its stake in shares of Motorola Solutions by 1.5% in the first quarter. State Street Corp now owns 7,598,871 shares of the communications equipment provider’s stock valued at $655,179,000 after buying an additional 114,685 shares in the last quarter. Parnassus Investments CA boosted its stake in shares of Motorola Solutions by 3.6% in the first quarter. Parnassus Investments CA now owns 7,319,437 shares of the communications equipment provider’s stock valued at $614,408,000 after buying an additional 256,152 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Motorola Solutions by 5.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,215,956 shares of the communications equipment provider’s stock valued at $191,060,000 after buying an additional 118,031 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

About Motorola Solutions

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.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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