Analysts Set Motorola Solutions Inc (NYSE:MSI) Price Target at $142.29

Share on StockTwits

Motorola Solutions Inc (NYSE:MSI) has received an average recommendation of “Buy” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $142.29.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Motorola Solutions in a research report on Tuesday, September 1st. They issued an “overweight” rating and a $28.00 target price for the company. Zacks Investment Research upgraded shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $150.00 target price on the stock in a research report on Wednesday, August 12th. Credit Suisse Group reaffirmed a “buy” rating and set a $163.00 target price on shares of Motorola Solutions in a report on Friday, August 7th. Argus reiterated a “hold” rating on shares of Motorola Solutions in a research note on Tuesday, August 11th. Finally, Barclays increased their price target on Motorola Solutions from $157.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th.

In other news, CEO Gregory Q. Brown sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $155.61, for a total value of $14,004,900.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Cynthia Yazdi sold 1,821 shares of Motorola Solutions stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $152.93, for a total transaction of $278,485.53. Insiders have sold a total of 102,551 shares of company stock valued at $15,907,236 in the last three months. 2.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors acquired a new stake in shares of Motorola Solutions during the 1st quarter valued at $340,268,000. Alliancebernstein L.P. boosted its stake in shares of Motorola Solutions by 327.6% during the first quarter. Alliancebernstein L.P. now owns 1,829,721 shares of the communications equipment provider’s stock valued at $243,207,000 after purchasing an additional 1,401,831 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Motorola Solutions by 81.1% during the second quarter. Bank of America Corp DE now owns 1,487,813 shares of the communications equipment provider’s stock worth $208,488,000 after purchasing an additional 666,431 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Motorola Solutions in the second quarter valued at approximately $88,366,000. Finally, Goldman Sachs Group Inc. raised its holdings in Motorola Solutions by 78.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,405,685 shares of the communications equipment provider’s stock valued at $196,980,000 after buying an additional 616,346 shares during the last quarter. 85.55% of the stock is currently owned by hedge funds and other institutional investors.

MSI stock traded down $5.07 during mid-day trading on Wednesday, hitting $152.20. 893,000 shares of the company were exchanged, compared to its average volume of 1,407,569. Motorola Solutions has a 1-year low of $120.77 and a 1-year high of $187.49. The stock has a market capitalization of $26.70 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.52 and a beta of 0.73. The business has a 50 day simple moving average of $150.62 and a 200-day simple moving average of $144.18.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.40. Motorola Solutions had a negative return on equity of 145.69% and a net margin of 11.03%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm posted $1.69 EPS. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. Sell-side analysts predict that Motorola Solutions will post 6.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.64 dividend. The ex-dividend date is Monday, September 14th. This represents a $2.56 annualized dividend and a dividend yield of 1.68%. Motorola Solutions’s payout ratio is 34.41%.

About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

See Also: Dividend Yield

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.