UBS Group Forecasts Strong Price Appreciation for Motorola Solutions (NYSE:MSI) Stock

Motorola Solutions (NYSE:MSI – Get Free Report) had its price objective hoisted by stock analysts at UBS Group from $520.00 to $570.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. UBS Group‘s price target would suggest a potential upside of 10.55% from the company’s current price.

Other research analysts also recently issued research reports about the company. Truist Financial lifted their price target on Motorola Solutions from $550.00 to $555.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 6th. Piper Sandler restated an “overweight” rating and set a $533.00 target price (up from $531.00) on shares of Motorola Solutions in a report on Thursday. Weiss Ratings upgraded shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Motorola Solutions from $545.00 to $570.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Motorola Solutions currently has an average rating of “Buy” and an average target price of $545.70.

Check Out Our Latest Stock Analysis on Motorola Solutions

Motorola Solutions Price Performance

NYSE MSI traded up $18.59 during mid-day trading on Thursday, hitting $515.58. The stock had a trading volume of 3,406,392 shares, compared to its average volume of 1,062,711. The company has a 50 day simple moving average of $467.38 and a 200 day simple moving average of $441.26. The company has a market cap of $85.32 billion, a price-to-earnings ratio of 40.60, a P/E/G ratio of 2.93 and a beta of 0.86. Motorola Solutions has a 52-week low of $359.36 and a 52-week high of $548.28. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13.

Motorola Solutions (NYSE:MSI – Get Free Report) last posted its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.25 billion. Motorola Solutions had a return on equity of 98.22% and a net margin of 17.44%. Motorola Solutions’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.06 earnings per share. Equities analysts forecast that Motorola Solutions will post 15.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Kathryn Moore sold 1,004 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the sale, the senior vice president owned 1,282 shares of the company’s stock, valued at $611,462.72. This trade represents a 43.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 14,220 shares of Motorola Solutions stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the sale, the chief executive officer owned 66,648 shares of the company’s stock, valued at approximately $32,338,942.56. This represents a 17.58% decrease in their position. The SEC filing for this sale provides additional information. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Motorola Solutions

Hedge funds have recently modified their holdings of the company. Whipplewood Advisors LLC boosted its position in Motorola Solutions by 1,966.7% during the first quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Motorola Solutions in the 1st quarter worth approximately $27,000. Field & Main Bank acquired a new position in Motorola Solutions in the 2nd quarter valued at $31,000. Gen Wealth Partners Inc raised its holdings in Motorola Solutions by 310.5% in the 3rd quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 59 shares during the last quarter. Finally, Lodestone Wealth Management LLC raised its holdings in Motorola Solutions by 53.7% in the 3rd quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 29 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions News Summary

Here are the key news stories impacting Motorola Solutions this week:

About Motorola Solutions

(Get Free Report)

Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.

Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.

Further Reading

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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