Motorola Solutions (NYSE:MSI) Now Covered by Analysts at BTIG Research

Analysts at BTIG Research initiated coverage on shares of Motorola Solutions (NYSE:MSI) in a research note issued on Friday, March 16th. The brokerage set a “buy” rating and a $137.00 price target on the communications equipment provider’s stock. BTIG Research’s target price points to a potential upside of 31.76% from the stock’s current price.

Several other brokerages also recently commented on MSI. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Citigroup raised their price objective on Motorola Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. Deutsche Bank raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, January 12th. Raymond James Financial assumed coverage on Motorola Solutions in a research note on Friday, February 23rd. They set an “outperform” rating on the stock. Finally, JPMorgan Chase assumed coverage on Motorola Solutions in a report on Friday, February 9th. They set a “neutral” rating and a $115.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $114.17.

How to Become a New Pot Stock Millionaire

Motorola Solutions stock traded down $2.71 during mid-day trading on Friday, hitting $103.98. 1,080,416 shares of the company’s stock were exchanged, compared to its average volume of 1,179,333. The company has a market capitalization of $17,209.90, a PE ratio of 20.00, a PEG ratio of 2.12 and a beta of 0.32. Motorola Solutions has a fifty-two week low of $79.63 and a fifty-two week high of $110.29. 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 (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. analysts predict that Motorola Solutions will post 6.3 EPS for the current fiscal year.

In other news, CAO John K. Wozniak sold 45,577 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $104.90, for a total value of $4,781,027.30. Following the completion of the transaction, the chief accounting officer now owns 20,099 shares in the company, valued at approximately $2,108,385.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Gregory Q. Brown sold 185,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $109.08, for a total value of $20,179,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,394,467 shares of company stock valued at $62,068,687. Corporate insiders own 2.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Grove Bank & Trust grew its holdings 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 acquiring an additional 1,060 shares in the last quarter. NuWave Investment Management LLC bought a new position in shares of Motorola Solutions in the 4th quarter valued at about $168,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Motorola Solutions in the 3rd quarter valued at about $187,000. Tower Research Capital LLC TRC bought a new position in shares of Motorola Solutions in the 4th quarter valued at about $188,000. Finally, Meeder Asset Management Inc. lifted its stake in Motorola Solutions by 67.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after purchasing an additional 874 shares during the last quarter. Institutional investors own 87.94% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/07/btig-research-initiates-coverage-on-motorola-solutions-msi.html.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply