Motorola Solutions, Inc. (NYSE:MSI) has been assigned a $95.00 price objective by equities researchers at Credit Suisse Group in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the communications equipment provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 4.38% from the company’s current price.
A number of other brokerages have also recently issued reports on MSI. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Thursday. Citigroup Inc. reissued a “buy” rating and set a $102.00 target price (up previously from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, May 30th. Cowen and Company lowered their target price on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, May 15th. Finally, MKM Partners reissued a “neutral” rating and set a $83.00 target price (up previously from $76.00) on shares of Motorola Solutions in a report on Monday, May 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $90.92.
Motorola Solutions (NYSE:MSI) opened at 91.01 on Thursday. The firm has a 50-day moving average price of $87.75 and a 200 day moving average price of $84.03. The company has a market cap of $14.88 billion, a P/E ratio of 25.16 and a beta of 0.31. Motorola Solutions has a 12 month low of $68.36 and a 12 month high of $92.67.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.14. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Motorola Solutions had a net margin of 10.10% and a negative return on equity of 102.32%. Motorola Solutions’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, equities analysts expect that Motorola Solutions will post $5.20 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Iat Reinsurance Co. LTD. purchased a new position in Motorola Solutions during the first quarter valued at $123,000. Mckinley Capital Management LLC Delaware purchased a new position in Motorola Solutions during the first quarter valued at $135,000. Exane Derivatives boosted its position in Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 502 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in Motorola Solutions during the first quarter valued at $202,000. 87.20% of the stock is currently owned by hedge funds and other institutional investors.
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.
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