Motorola Solutions (MSI) PT Raised to $125.00 at Deutsche Bank
Motorola Solutions (NYSE:MSI) had its price target lifted by analysts at Deutsche Bank from $120.00 to $125.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank’s target price points to a potential upside of 17.60% from the stock’s previous close.
Several other equities research analysts have also recently commented on MSI. Raymond James Financial set a $120.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Friday, February 23rd. Northcoast Research set a $115.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. began coverage on shares of Motorola Solutions in a research report on Friday, February 9th. They issued a “neutral” rating and a $115.00 price target on the stock. MKM Partners boosted their price target on shares of Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, BMO Capital Markets boosted 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, February 2nd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.18.
Shares of Motorola Solutions (NYSE:MSI) opened at $106.29 on Thursday. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24. Motorola Solutions has a 1 year low of $78.75 and a 1 year high of $107.78. The company has a market cap of $17,130.00, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.10 and a beta of 0.32.
In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Eduardo F. Conrado sold 75,830 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $93.12, for a total value of $7,061,289.60. Following the sale, the executive vice president now owns 51,346 shares in the company, valued at approximately $4,781,339.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,098,297 shares of company stock worth $28,625,147. Corporate insiders own 2.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MSI. Grove Bank & Trust grew its stake in Motorola Solutions by 731.0% during 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 purchased a new position in Motorola Solutions during the 4th quarter valued at about $168,000. Fuller & Thaler Asset Management Inc. purchased a new position in Motorola Solutions during the 3rd quarter valued at about $187,000. Tower Research Capital LLC TRC purchased a new position in Motorola Solutions during the 4th quarter valued at about $188,000. Finally, Meeder Asset Management Inc. grew its stake in Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 874 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.
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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.
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