Motorola Solutions (NYSE:MSI) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $78.00 price target on the communications equipment provider’s stock. Deutsche Bank’s target price suggests a potential downside of 19.23% from the company’s previous close.
Several other research analysts have also commented on MSI. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of Motorola Solutions in a report on Friday, October 6th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.08.
Motorola Solutions (MSI) opened at $96.57 on Friday. Motorola Solutions has a 12 month low of $76.92 and a 12 month high of $97.18. The company has a market cap of $15,644.34, a price-to-earnings ratio of 18.79, a PEG ratio of 4.08 and a beta of 0.35. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $1.37 EPS. Motorola Solutions’s quarterly revenue was up 7.4% on a year-over-year basis. research analysts forecast that Motorola Solutions will post 5.13 earnings per share for the current year.
In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $92.41, for a total value of $546,697.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,328,765 shares of company stock valued at $49,257,060. 2.50% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Sun Life Financial INC boosted its holdings in Motorola Solutions by 14,800.0% in the 2nd 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 raised its stake in shares of Motorola Solutions by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares in the last quarter. Grove Bank & Trust raised its stake in shares of Motorola Solutions by 731.0% in the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Motorola Solutions in the 3rd quarter valued at $187,000. Finally, Williams Jones & Associates LLC acquired a new position in shares of Motorola Solutions in the 2nd quarter valued at $201,000. 87.78% of the stock is owned by hedge funds and other institutional investors.
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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.