Zacks reissued their neutral rating on shares of Motorola Solutions (NYSE: MSI) in a research report released on Thursday morning. Zacks currently has a $64.00 price target on the stock.
Zacks’ analyst wrote, “Motorola Solutions reported better financial results for the fourth quarter of 2012. The company is a market leader in the lucrative U.S. Public Safety market. With the federal budgetary pressures anticipated to continue, the state and local level agencies have become the major growth drivers for Motorola Solutions. The company’s business model remains compelling and we believe Motorola Solutions will be able to maintain its current top-line growth in the future primarily due to the critical nature of the public safety network in the U.S. along with massive growth potential in the Middle East. Meanwhile, Enterprise segment remains a near-term concern due to macro-economic uncertainties in Europe. Currently, the company is trading at a 52-week high. We, thus, reiterate our long-term Neutral recommendation on Motorola Solutions. “
Shares of Motorola Solutions opened at 61.90 on Thursday. Motorola Solutions has a one year low of $44.49 and a one year high of $62.05. The stock’s 50-day moving average is currently $59.03. The company has a market cap of $17.083 billion and a P/E ratio of 20.91.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, March 13th.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo initiated coverage on shares of Motorola Solutions in a research note to investors on Friday, February 8th. They set an outperform rating and a $70.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Motorola Solutions from $60.00 to $66.00 in a research note to investors on Friday, January 25th. Finally, analysts at Argus cut their price target on shares of Motorola Solutions from $66.00 to $60.00 in a research note to investors on Friday, January 25th. They now have a buy rating on the stock.
Six equities research analysts have rated the stock with a buy rating, two have given an overweight rating, ten have issued a hold rating, one has issued an underweight rating, and one has given a sell rating to the company’s stock. The company presently has an average rating of overweight and an average price target of $57.71.
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