Morgan Stanley Forecasts Strong Price Appreciation for Motorola Solutions (NYSE:MSI) Stock

Motorola Solutions (NYSE:MSI) had its price objective upped by equities researchers at Morgan Stanley from $430.00 to $495.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the communications equipment provider’s stock. Morgan Stanley’s price target points to a potential upside of 6.99% from the stock’s previous close.

A number of other analysts have also recently weighed in on MSI. Evercore ISI upped their price target on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Jefferies Financial Group upped their target price on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barclays lifted their price target on shares of Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Bank of America boosted their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Motorola Solutions from $440.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $504.88.

Motorola Solutions Trading Up 0.2 %

Shares of MSI stock opened at $462.68 on Tuesday. The firm has a fifty day moving average of $479.08 and a 200-day moving average of $435.13. The stock has a market cap of $77.32 billion, a price-to-earnings ratio of 50.68, a P/E/G ratio of 3.77 and a beta of 0.99. Motorola Solutions has a 52-week low of $307.09 and a 52-week high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.36. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. On average, equities research analysts forecast that Motorola Solutions will post 12.57 earnings per share for the current fiscal year.

Institutional Trading of Motorola Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of MSI. State Street Corp boosted its position in Motorola Solutions by 2.7% in the 3rd quarter. State Street Corp now owns 7,454,643 shares of the communications equipment provider’s stock valued at $3,358,848,000 after buying an additional 198,183 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Motorola Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,736,045 shares of the communications equipment provider’s stock valued at $1,675,588,000 after acquiring an additional 89,320 shares during the period. Legal & General Group Plc boosted its holdings in Motorola Solutions by 7.7% in the second quarter. Legal & General Group Plc now owns 1,530,660 shares of the communications equipment provider’s stock valued at $590,911,000 after acquiring an additional 110,072 shares during the last quarter. International Assets Investment Management LLC increased its position in Motorola Solutions by 59,189.5% in the third quarter. International Assets Investment Management LLC now owns 967,604 shares of the communications equipment provider’s stock worth $435,064,000 after purchasing an additional 965,972 shares during the period. Finally, TD Asset Management Inc raised its holdings in Motorola Solutions by 3.7% during the 2nd quarter. TD Asset Management Inc now owns 942,529 shares of the communications equipment provider’s stock worth $363,863,000 after purchasing an additional 33,643 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.