JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Motorola Solutions (NYSE:MSI) Stock

Motorola Solutions (NYSE:MSIGet Free Report) had its price target boosted by JPMorgan Chase & Co. from $515.00 to $520.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.51% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Monday, December 1st. Morgan Stanley reiterated an “overweight” rating and issued a $470.00 target price on shares of Motorola Solutions in a report on Thursday. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Piper Sandler restated an “overweight” rating and issued a $499.00 price target (up previously from $443.00) on shares of Motorola Solutions in a research report on Thursday. Finally, Barclays increased their price objective on Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $497.14.

Check Out Our Latest Research Report on Motorola Solutions

Motorola Solutions Price Performance

NYSE MSI opened at $462.19 on Thursday. Motorola Solutions has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market capitalization of $76.98 billion, a PE ratio of 36.22, a P/E/G ratio of 3.39 and a beta of 1.00. The company’s 50 day simple moving average is $392.04 and its 200 day simple moving average is $421.33. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.86.

Motorola Solutions (NYSE:MSIGet Free Report) last released its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.24. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a return on equity of 110.75% and a net margin of 18.44%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.04 earnings per share. As a group, equities research analysts forecast that Motorola Solutions will post 13.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MSI. Orion Capital Management LLC bought a new position in Motorola Solutions during the third quarter valued at about $25,000. United Community Bank increased its holdings in shares of Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Motorola Solutions in the 4th quarter valued at approximately $28,000. Strategic Advocates LLC acquired a new stake in Motorola Solutions in the 3rd quarter worth approximately $28,000. Finally, JPL Wealth Management LLC bought a new stake in Motorola Solutions during the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

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About Motorola Solutions

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Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.

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