Motorola Solutions, Inc. (MSI) Receives “Buy” Rating from Jefferies Group LLC
Motorola Solutions, Inc. (NYSE:MSI)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a research note issued on Friday. They presently have a $105.00 price objective on the communications equipment provider’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 22.09% from the company’s current price.
MSI has been the subject of a number of other reports. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Wednesday, September 6th. Deutsche Bank AG boosted their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Cowen and Company reissued a “market perform” rating and issued a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $94.08.
Shares of Motorola Solutions (NYSE:MSI) opened at 86.00 on Friday. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 22.68 and a beta of 0.31. The stock’s 50 day moving average price is $85.97 and its 200 day moving average price is $86.05.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the company earned $1.03 earnings per share. Motorola Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Motorola Solutions will post $5.29 earnings per share for the current year.
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In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the transaction, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Gierl Augustine Investment Management acquired a new position in Motorola Solutions in the fourth quarter valued at $0. Sun Life Financial INC increased its stake in Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 1,184 shares during the period. Acrospire Investment Management LLC increased its stake in Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after purchasing an additional 300 shares during the period. BlueMountain Capital Management LLC acquired a new position in Motorola Solutions in the first quarter valued at $100,000. Finally, Iat Reinsurance Co. LTD. acquired a new position in Motorola Solutions in the first quarter valued at $123,000. Institutional investors own 87.68% 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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