Motorola Solutions, Inc. (NYSE:MSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $100.00 target price on the communications equipment provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.54% from the stock’s current price.

According to Zacks, “Shares of Motorola Solutions have outperformed its industry so far this 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 an impressive bottom-line performance in the third quarter as well, driven by its strong product portfolio. Detailed results should be out on Nov 2. The stock has seen the Zacks Consensus Estimate for third-quarter earnings being revised 2.2% upward over the last 90 days. In keeping with its growth-by-acquisition strategy, the company completed the acquisition of Kodiak Networks, earlier in 2017. The buyout has strengthened its software product portfolio. We are also impressed by Motorola’s efforts to reward its investors through dividend payments and buybacks. However, currency related headwinds might hurt the stock going forward. The company's high debt levels also remain a concern.”

A number of other equities analysts have also weighed in on the stock. Credit Suisse Group set a $95.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. BMO Capital Markets boosted their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Deutsche Bank AG boosted their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Cowen and Company restated a “market perform” rating and set a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $94.42.

Shares of Motorola Solutions (NYSE:MSI) traded up 0.55% during midday trading on Friday, hitting $90.14. 500,461 shares of the stock were exchanged. The firm’s 50-day moving average is $86.65 and its 200-day moving average is $86.41. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 23.77 and a beta of 0.31. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data 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 company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that Motorola Solutions will post $5.29 earnings per share for the current year.

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In other news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in MSI. Orbis Allan Gray Ltd purchased a new stake in Motorola Solutions during the 1st quarter worth approximately $775,375,000. Lazard Asset Management LLC increased its stake in Motorola Solutions by 4,729.6% during the 3rd quarter. Lazard Asset Management LLC now owns 5,215,125 shares of the communications equipment provider’s stock worth $397,809,000 after buying an additional 5,107,143 shares during the period. Vanguard Group Inc. increased its stake in Motorola Solutions by 26.3% during the 2nd quarter. Vanguard Group Inc. now owns 12,381,540 shares of the communications equipment provider’s stock worth $816,811,000 after buying an additional 2,580,735 shares during the period. Wellington Management Group LLP increased its stake in Motorola Solutions by 71.3% during the 1st quarter. Wellington Management Group LLP now owns 6,059,781 shares of the communications equipment provider’s stock worth $458,726,000 after buying an additional 2,521,249 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in Motorola Solutions by 65.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 6,043,691 shares of the communications equipment provider’s stock worth $398,702,000 after buying an additional 2,395,292 shares during the period. 87.38% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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