Motorola Solutions (NYSE:MSI) Stock Price Expected to Rise, Barclays Analyst Says

Motorola Solutions (NYSE:MSI – Get Free Report) had its target price hoisted by equities research analysts at Barclays from $529.00 to $598.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the communications equipment provider’s stock. Barclays‘s target price suggests a potential upside of 16.36% from the stock’s previous close.

Several other research firms also recently issued reports on MSI. Zacks Research downgraded shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Evercore increased their price objective on shares of Motorola Solutions from $525.00 to $550.00 in a research report on Thursday, October 8th. Weiss Ratings raised shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Morgan Stanley restated an “overweight” rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a report on Thursday, August 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $533.00 price target (up from $531.00) on shares of Motorola Solutions in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $545.70.

Check Out Our Latest Report on Motorola Solutions

Motorola Solutions Trading Down 0.6%

Shares of Motorola Solutions stock traded down $3.10 during trading hours on Thursday, reaching $513.91. The stock had a trading volume of 1,743,733 shares, compared to its average volume of 903,482. The firm has a market capitalization of $85.05 billion, a price-to-earnings ratio of 41.34, a P/E/G ratio of 2.91 and a beta of 0.86. Motorola Solutions has a 1 year low of $359.36 and a 1 year high of $548.28. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. The firm has a 50 day simple moving average of $467.94 and a two-hundred day simple moving average of $441.87.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.42 by $0.27. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Motorola Solutions had a return on equity of 98.22% and a net margin of 17.44%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.06 EPS. As a group, equities research analysts anticipate that Motorola Solutions will post 15.91 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $476.96, for a total value of $478,867.84. Following the completion of the transaction, the senior vice president directly owned 1,282 shares in the company, valued at approximately $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Brown sold 14,220 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at approximately $32,338,942.56. The trade was a 17.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

Institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in Motorola Solutions by 1,966.7% in the 1st quarter. Whipplewood Advisors LLC now owns 62 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Motorola Solutions during the first quarter valued at about $27,000. Field & Main Bank acquired a new stake in shares of Motorola Solutions during the second quarter valued at about $31,000. Gen Wealth Partners Inc increased its position in shares of Motorola Solutions by 310.5% during the third quarter. Gen Wealth Partners Inc now owns 78 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Finally, Lodestone Wealth Management LLC increased its position in shares of Motorola Solutions by 53.7% during the third quarter. Lodestone Wealth Management LLC now owns 83 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 29 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Trending Headlines about Motorola Solutions

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Motorola Solutions Company Profile

(Get Free Report)

Motorola Solutions, Inc provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology.

The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Motorola Solutions serves customers around the world.

Further Reading

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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