Motorola Solutions Inc (MSI) Rating Reiterated by BMO Capital Markets
Motorola Solutions Inc (NYSE:MSI)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a research note issued on Tuesday. They presently have a $95.00 target price on the stock. BMO Capital Markets’ target price would indicate a potential upside of 12.69% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Goldman Sachs Group Inc increased their price target on Motorola Solutions from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Citigroup Inc upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Monday, January 23rd. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Wednesday, February 8th. Gabelli upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Monday, February 6th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Motorola Solutions in a research note on Sunday, February 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $82.91.
Motorola Solutions (NYSE:MSI) opened at 84.30 on Tuesday. The firm’s 50-day moving average price is $80.51 and its 200 day moving average price is $79.19. Motorola Solutions has a 12-month low of $62.76 and a 12-month high of $87.55. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 26.02 and a beta of 0.45.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.18. Motorola Solutions had a negative return on equity of 134.65% and a net margin of 9.26%. The company earned $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $1.58 EPS. Motorola Solutions’s revenue was up 12.0% compared to the same quarter last year. On average, analysts expect that Motorola Solutions will post $5.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 15th will be issued a $0.47 dividend. The ex-dividend date is Monday, March 13th. This represents a $1.88 dividend on an annualized basis and a yield of 2.23%. Motorola Solutions’s payout ratio is 57.49%.
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A number of hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co. increased its stake in Motorola Solutions by 27.0% in the third quarter. Smithfield Trust Co. now owns 1,810 shares of the company’s stock worth $138,000 after buying an additional 385 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Motorola Solutions by 704.9% in the third quarter. Ropes Wealth Advisors LLC now owns 1,803 shares of the company’s stock worth $138,000 after buying an additional 1,579 shares during the last quarter. Evercore Wealth Management LLC increased its stake in shares of Motorola Solutions by 53.0% in the second quarter. Evercore Wealth Management LLC now owns 2,223 shares of the company’s stock worth $147,000 after buying an additional 770 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $175,000. Finally, Hollencrest Securities LLC acquired a new stake in shares of Motorola Solutions during the third quarter worth $218,000. Institutional investors and hedge funds own 84.59% 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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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