Citigroup Increases Motorola Solutions (MSI) Price Target to $120.00

Motorola Solutions (NYSE:MSI) had its target price raised by Citigroup from $112.00 to $120.00 in a research report released on Monday, February 5th, MarketBeat Ratings reports. They currently have a buy rating on the communications equipment provider’s stock.

MSI has been the topic of several other reports. Jefferies Group upped their price target on shares of Motorola Solutions from $105.00 to $110.00 and gave the company a buy rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Motorola Solutions from a hold rating to a buy rating and set a $103.00 price target on the stock in a report on Thursday, November 9th. Deutsche Bank raised shares of Motorola Solutions from a hold rating to a buy rating and set a $78.00 price target on the stock in a report on Friday, January 12th. BMO Capital Markets upped their price target on shares of Motorola Solutions from $102.00 to $116.00 and gave the company an outperform rating in a report on Friday, February 2nd. Finally, ValuEngine lowered shares of Motorola Solutions from a buy rating to a hold rating in a report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $103.27.

Shares of Motorola Solutions (MSI) opened at $105.02 on Monday. The firm has a market cap of $16,514.26, a price-to-earnings ratio of 19.64, a PEG ratio of 2.02 and a beta of 0.40. 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 has a 1-year low of $78.23 and a 1-year high of $107.78.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, beating the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. analysts predict that Motorola Solutions will post 6.31 EPS for the current fiscal year.

In related news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John K. Wozniak sold 45,577 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the transaction, the chief accounting officer now owns 20,099 shares of the company’s stock, valued at approximately $2,108,385.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,248,297 shares of company stock valued at $42,598,147. Insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSI. Thrivent Financial For Lutherans raised its position in shares of Motorola Solutions by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,290 shares of the communications equipment provider’s stock worth $545,000 after purchasing an additional 140 shares during the last quarter. FMR LLC raised its position in shares of Motorola Solutions by 1.8% during the 2nd quarter. FMR LLC now owns 157,217 shares of the communications equipment provider’s stock worth $13,636,000 after purchasing an additional 2,731 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Motorola Solutions by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 400,845 shares of the communications equipment provider’s stock worth $34,770,000 after purchasing an additional 3,222 shares during the last quarter. Stifel Financial Corp raised its position in shares of Motorola Solutions by 1.6% during the 2nd quarter. Stifel Financial Corp now owns 55,176 shares of the communications equipment provider’s stock worth $4,787,000 after purchasing an additional 893 shares during the last quarter. Finally, QS Investors LLC raised its position in shares of Motorola Solutions by 2.4% during the 2nd quarter. QS Investors LLC now owns 22,759 shares of the communications equipment provider’s stock worth $1,974,000 after purchasing an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.

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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.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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