Motorola Solutions (NYSE:MSI) Price Target Raised to $196.00 at Barclays


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Motorola Solutions (NYSE:MSI) had its target price boosted by research analysts at Barclays from $179.00 to $196.00 in a report released on Thursday, The Fly reports. The firm currently has an “overweight” rating on the communications equipment provider’s stock. Barclays‘s price target would indicate a potential upside of 13.04% from the company’s current price.

Several other research firms also recently weighed in on MSI. William Blair began coverage on Motorola Solutions in a report on Thursday, December 10th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Motorola Solutions from a “hold” rating to a “sell” rating and set a $175.00 price objective for the company. in a report on Monday, October 12th. Credit Suisse Group lifted their price objective on Motorola Solutions from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Wednesday, November 11th. MKM Partners upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $199.00 in a report on Friday, October 23rd. Finally, Smith Barney Citigroup lifted their price objective on Motorola Solutions from $160.00 to $190.00 in a report on Friday, October 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $154.07.

NYSE:MSI traded down $0.70 on Thursday, reaching $173.39. 14,000 shares of the company’s stock were exchanged, compared to its average volume of 784,194. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76. The business has a fifty day moving average of $170.28 and a 200-day moving average of $157.55. Motorola Solutions has a 52-week low of $120.77 and a 52-week high of $187.49.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, October 29th. The communications equipment provider reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.17. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.83 billion. Motorola Solutions had a net margin of 10.39% and a negative return on equity of 158.99%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 earnings per share. As a group, research analysts anticipate that Motorola Solutions will post 7 EPS for the current year.

In other Motorola Solutions news, CEO Gregory Q. Brown sold 60,000 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $166.90, for a total value of $10,014,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MSI. Great West Life Assurance Co. Can grew its holdings in shares of Motorola Solutions by 1,488.4% in the third quarter. Great West Life Assurance Co. Can now owns 3,954,354 shares of the communications equipment provider’s stock worth $41,957,000 after acquiring an additional 3,705,402 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of Motorola Solutions by 252.6% during the third quarter. Orbis Allan Gray Ltd now owns 2,187,501 shares of the communications equipment provider’s stock worth $343,023,000 after acquiring an additional 1,567,114 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Motorola Solutions by 94.3% during the third quarter. JPMorgan Chase & Co. now owns 2,103,045 shares of the communications equipment provider’s stock worth $331,544,000 after acquiring an additional 1,020,623 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Motorola Solutions during the third quarter worth about $149,046,000. Finally, Pendal Group Limited acquired a new position in shares of Motorola Solutions during the third quarter worth about $69,819,000. 79.78% of the stock is currently owned by institutional investors and hedge funds.

About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions in 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.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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