Citigroup Boosts Motorola Solutions (MSI) Price Target to $120.00

Motorola Solutions (NYSE:MSI) had its price objective lifted by stock analysts at Citigroup from $112.00 to $120.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the communications equipment provider’s stock. Citigroup’s price objective would suggest a potential upside of 13.93% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, October 20th. Jefferies Group upped their price target on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Deutsche Bank raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, January 12th. ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets upped their price target on shares of Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Motorola Solutions has an average rating of “Buy” and a consensus target price of $98.55.

Shares of Motorola Solutions (NYSE:MSI) traded up $1.46 during trading on Monday, reaching $105.33. 254,561 shares of the company were exchanged, compared to its average volume of 1,111,086. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. Motorola Solutions has a 12-month low of $76.92 and a 12-month high of $107.78. The stock has a market cap of $16,826.92, a PE ratio of -97.56, a price-to-earnings-growth ratio of 4.17 and a beta of 0.40.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company earned $2.03 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. analysts predict that Motorola Solutions will post 5.7 earnings per share for the current year.

In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eduardo F. Conrado sold 75,830 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $93.12, for a total transaction of $7,061,289.60. Following the completion of the transaction, the executive vice president now directly owns 51,346 shares of the company’s stock, valued at $4,781,339.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,330,260 shares of company stock valued at $49,414,407. 2.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd lifted its position in shares of Motorola Solutions by 51.9% during the second quarter. WINTON GROUP Ltd now owns 164,129 shares of the communications equipment provider’s stock worth $14,237,000 after purchasing an additional 56,105 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Motorola Solutions by 60.5% during the third quarter. Cubist Systematic Strategies LLC now owns 11,919 shares of the communications equipment provider’s stock worth $1,012,000 after purchasing an additional 4,495 shares during the last quarter. Swiss National Bank lifted its position in shares of Motorola Solutions by 0.3% during the third quarter. Swiss National Bank now owns 809,178 shares of the communications equipment provider’s stock worth $68,675,000 after purchasing an additional 2,600 shares during the last quarter. Handelsbanken Fonder AB bought a new position in shares of Motorola Solutions during the third quarter worth about $424,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Motorola Solutions by 135.8% during the third quarter. State of Wisconsin Investment Board now owns 63,201 shares of the communications equipment provider’s stock worth $5,364,000 after purchasing an additional 36,400 shares during the last quarter. 87.89% of the stock is currently owned by institutional investors and hedge funds.

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About Motorola Solutions

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.