Motorola Solutions Inc (MSI) Given Average Recommendation of “Buy” by Analysts

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Motorola Solutions Inc (NYSE:MSI) has earned an average recommendation of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $120.10.

A number of equities research analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Motorola Solutions in a research report on Wednesday, May 9th. They issued an “outperform” rating and a $129.00 target price for the company. BMO Capital Markets lifted their target price on shares of Motorola Solutions from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Motorola Solutions in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Thursday, May 10th. Finally, Raymond James assumed coverage on shares of Motorola Solutions in a research report on Friday, February 23rd. They issued an “outperform” rating for the company.

Several hedge funds have recently modified their holdings of MSI. Allianz Asset Management GmbH lifted its stake in shares of Motorola Solutions by 13.7% during the 1st quarter. Allianz Asset Management GmbH now owns 316,836 shares of the communications equipment provider’s stock valued at $33,363,000 after buying an additional 38,208 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Motorola Solutions by 3,656.8% during the 1st quarter. Summit Trail Advisors LLC now owns 105,303 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 102,500 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Motorola Solutions by 272.9% during the 1st quarter. WINTON GROUP Ltd now owns 286,275 shares of the communications equipment provider’s stock valued at $30,145,000 after buying an additional 209,498 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of Motorola Solutions by 152.4% during the 1st quarter. CIBC World Markets Inc. now owns 10,273 shares of the communications equipment provider’s stock valued at $1,082,000 after buying an additional 6,203 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of Motorola Solutions by 9.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 16,364 shares of the communications equipment provider’s stock valued at $1,723,000 after buying an additional 1,387 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

NYSE:MSI traded up $0.27 during trading hours on Thursday, reaching $113.90. The company had a trading volume of 821,551 shares, compared to its average volume of 1,241,916. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of -3.45. Motorola Solutions has a 52 week low of $82.86 and a 52 week high of $114.46. The company has a market cap of $18.24 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.15 and a beta of 0.33.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 3rd. The communications equipment provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.22. Motorola Solutions had a negative net margin of 1.75% and a negative return on equity of 73.43%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. research analysts forecast that Motorola Solutions will post 6.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 15th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, June 14th. Motorola Solutions’s payout ratio is 40.00%.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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