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.
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.
