Motorola Solutions, Inc. (MSI) Downgraded by Zacks Investment Research
Motorola Solutions, Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry so far this year. We expect the company to deliver an impressive bottom-line performance in the third quarter, driven by its strong product portfolio. Detailed results should be out on Nov 2. 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. However, currency related headwinds might hurt the stock going forward. Though positive on Motorola's growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. The company's weak balance sheet is also concerning.”
Several other research firms have also weighed in on MSI. BMO Capital Markets upped their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. 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. Jefferies Group LLC reiterated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 31st. Finally, ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Motorola Solutions has a consensus rating of “Buy” and an average target price of $94.42.
Shares of Motorola Solutions (NYSE MSI) traded down 0.02% during mid-day trading on Monday, reaching $89.98. 171,696 shares of the company traded hands. Motorola Solutions has a 52-week low of $71.24 and a 52-week high of $93.75. The stock’s 50 day moving average is $86.71 and its 200 day moving average is $86.45. The stock has a market capitalization of $14.64 billion, a PE ratio of 23.73 and a beta of 0.31.
Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions will post $5.29 earnings per share for the current year.
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In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 23,829 shares in the company, valued at approximately $2,123,402.19. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. APG Asset Management N.V. increased its stake in shares of Motorola Solutions by 75.1% in the 3rd quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock valued at $139,311,000 after acquiring an additional 704,000 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Motorola Solutions by 15.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 193,658 shares of the communications equipment provider’s stock valued at $16,437,000 after acquiring an additional 26,427 shares during the last quarter. Exane Derivatives increased its stake in shares of Motorola Solutions by 1,226.4% in the 3rd quarter. Exane Derivatives now owns 21,395 shares of the communications equipment provider’s stock valued at $1,815,000 after acquiring an additional 19,782 shares during the last quarter. PGGM Investments increased its stake in shares of Motorola Solutions by 160.3% in the 3rd quarter. PGGM Investments now owns 385,397 shares of the communications equipment provider’s stock valued at $32,709,000 after acquiring an additional 237,353 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC increased its stake in shares of Motorola Solutions by 240.2% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 8,995 shares of the communications equipment provider’s stock valued at $763,000 after acquiring an additional 6,351 shares during the last quarter. 87.38% of the stock is owned by institutional investors.
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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