Motorola Solutions, Inc. (MSI) Upgraded at Zacks Investment Research
Motorola Solutions, Inc. (NYSE:MSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $96.00 price target on the communications equipment provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.51% from the stock’s current price.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry in the past year. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver impressive bottom-line performances in the coming quarters as well, driven by its strong product portfolio. In keeping with its growth-by-acquisition strategy, the company recently completed the acquisition of Kodiak Networks. The buyout has strengthened its software product portfolio. However, though positive on Motorola's growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. Moreover, currency related headwinds might hurt the stock going forward. The company's high debt levels also remain a concern.”
A number of other equities research analysts have also issued reports on the company. Raymond James Financial, Inc. raised Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $62.76 to $95.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a research report on Friday, June 23rd. Northcoast Research raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 30th. BidaskClub raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Credit Suisse Group set a $95.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and an average target price of $94.08.
Motorola Solutions (NYSE MSI) traded down 1.08% during mid-day trading on Thursday, hitting $84.57. The company had a trading volume of 767,874 shares. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company has a market cap of $13.76 billion, a PE ratio of 22.30 and a beta of 0.33. The company’s 50 day moving average price is $87.92 and its 200-day moving average price is $85.68.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Motorola Solutions will post $5.29 EPS for the current fiscal year.
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In related news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cleararc Capital Inc. grew its stake in Motorola Solutions by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock valued at $349,000 after purchasing an additional 22 shares in the last quarter. Gyroscope Capital Management Group LLC grew its stake in Motorola Solutions by 1.0% in the second quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock valued at $290,000 after purchasing an additional 32 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after purchasing an additional 34 shares in the last quarter. Signaturefd LLC grew its stake in Motorola Solutions by 1.3% in the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock valued at $286,000 after purchasing an additional 42 shares in the last quarter. Finally, Pitcairn Co. grew its stake in Motorola Solutions by 0.5% in the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock valued at $779,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 87.70% 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.
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