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.
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.
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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.
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