Motorola Solutions, Inc. (MSI) Stock Rating Upgraded by Zacks Investment Research
Motorola Solutions, Inc. (NYSE:MSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $96.00 target price on the communications equipment provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.67% from the stock’s current price.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry in the past year. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver impressive bottom-line performances in the coming quarters as well, driven by its strong product portfolio. In keeping with its growth-by-acquisition strategy, the company recently completed the acquisition of Kodiak Networks. The buyout has strengthened its software product portfolio. However, though positive on Motorola's growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. Moreover, currency related headwinds might hurt the stock going forward. The company's high debt levels also remain a concern.”
A number of other brokerages have also recently commented on MSI. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. BMO Capital Markets raised their price target on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Deutsche Bank AG raised their price target on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Cowen and Company restated a “market perform” rating and issued a $83.00 price target (up previously from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $105.00 price target (up previously from $100.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $94.08.
Shares of Motorola Solutions (NYSE:MSI) traded down 0.8664% during midday trading on Thursday, hitting $84.7592. 318,807 shares of the stock traded hands. Motorola Solutions has a 1-year low of $71.24 and a 1-year high of $93.75. The company has a market capitalization of $13.79 billion, a P/E ratio of 22.3521 and a beta of 0.33. The stock has a 50 day moving average of $88.28 and a 200 day moving average of $85.68.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $1.03 earnings per share. Motorola Solutions’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Motorola Solutions will post $5.29 earnings per share for the current fiscal year.
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In other news, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Profund Advisors LLC increased its holdings in Motorola Solutions by 14.9% in the first quarter. Profund Advisors LLC now owns 4,616 shares of the communications equipment provider’s stock worth $398,000 after purchasing an additional 599 shares in the last quarter. Comerica Bank increased its holdings in Motorola Solutions by 4.1% in the first quarter. Comerica Bank now owns 52,098 shares of the communications equipment provider’s stock worth $4,484,000 after purchasing an additional 2,059 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Motorola Solutions by 7.5% in the first quarter. UBS Asset Management Americas Inc. now owns 651,227 shares of the communications equipment provider’s stock worth $56,149,000 after purchasing an additional 45,506 shares in the last quarter. Sei Investments Co. increased its holdings in Motorola Solutions by 18.2% in the first quarter. Sei Investments Co. now owns 115,518 shares of the communications equipment provider’s stock worth $9,959,000 after purchasing an additional 17,784 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Motorola Solutions by 28.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,220 shares of the communications equipment provider’s stock worth $1,054,000 after purchasing an additional 2,706 shares in the last quarter. Institutional investors own 87.70% of the company’s stock.
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.
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