Research analysts at JP Morgan Cazenove cut their price objective on shares of Motorola Solutions (NYSE:MSI) from $55.00 to $53.00 in a report released on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. JP Morgan Cazenove’s price target indicates a potential downside of 2.30% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Motorola Solutions from $75.00 to $70.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Motorola Solutions to $62.00 in a research note to investors on Thursday. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Motorola Solutions in a research note to investors on Thursday, July 18th.
Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $59.17.
Motorola Solutions (NYSE: MSI) traded down 3.19% on Thursday, hitting $54.25. Motorola Solutions has a 52-week low of $45.61 and a 52-week high of $64.72. The stock’s 50-day moving average is currently $57.65. The company has a market cap of $14.737 billion and a price-to-earnings ratio of 17.66.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.04 by $0.08. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $0.70 earnings per share. Motorola Solutions’s revenue was down 1.9% compared to the same quarter last year. Motorola Solutions has set its Q3 guidance at $0.97-1.02 EPS. Analysts expect that Motorola Solutions will post $4.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.26.
Motorola Solutions, Inc (NYSE: MSI) provides mission-critical communication infrastructure, devices, software and services.
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