Credit Suisse Group Increases Motorola Solutions (MSI) Price Target to $148.00

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Motorola Solutions (NYSE:MSI) had its price target increased by Credit Suisse Group from $134.00 to $148.00 in a report issued on Monday, The Fly reports. The brokerage currently has an outperform rating on the communications equipment provider’s stock.

A number of other brokerages have also commented on MSI. Gabelli lowered Motorola Solutions from a buy rating to a hold rating in a research note on Monday, November 5th. They noted that the move was a valuation call. Zacks Investment Research lowered Motorola Solutions from a buy rating to a hold rating in a research note on Tuesday, November 27th. JPMorgan Chase & Co. dropped their price target on Motorola Solutions from $130.00 to $126.00 and set a sell rating for the company in a research note on Friday, November 2nd. Raymond James set a $139.00 price target on Motorola Solutions and gave the company a buy rating in a research note on Friday, February 8th. Finally, Deutsche Bank increased their price target on Motorola Solutions to $150.00 and gave the company a buy rating in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. Motorola Solutions presently has an average rating of Buy and a consensus price target of $131.50.

Shares of Motorola Solutions stock opened at $137.64 on Monday. Motorola Solutions has a 12 month low of $101.30 and a 12 month high of $138.32. The company has a market cap of $22.09 billion, a P/E ratio of 20.15, a PEG ratio of 1.89 and a beta of 0.53.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.22. Motorola Solutions had a negative return on equity of 82.33% and a net margin of 13.17%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Motorola Solutions will post 7.29 EPS for the current year.

In other news, SVP Rajan Naik sold 14,606 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the sale, the senior vice president now directly owns 10,544 shares of the company’s stock, valued at approximately $1,339,088. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Motorola Solutions by 169.6% in the second quarter. Advisors Asset Management Inc. now owns 2,723 shares of the communications equipment provider’s stock worth $317,000 after buying an additional 1,713 shares during the period. Atria Investments LLC raised its holdings in shares of Motorola Solutions by 45.5% in the third quarter. Atria Investments LLC now owns 10,406 shares of the communications equipment provider’s stock worth $1,354,000 after buying an additional 3,256 shares during the period. Bank of Montreal Can raised its holdings in shares of Motorola Solutions by 43.1% in the third quarter. Bank of Montreal Can now owns 267,076 shares of the communications equipment provider’s stock worth $34,757,000 after buying an additional 80,446 shares during the period. PGGM Investments raised its holdings in shares of Motorola Solutions by 22.1% in the third quarter. PGGM Investments now owns 338,752 shares of the communications equipment provider’s stock worth $44,085,000 after buying an additional 61,352 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Motorola Solutions in the third quarter worth approximately $5,986,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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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