JPMorgan Chase & Co. Cuts Motorola Solutions (NYSE:MSI) Price Target to $515.00

Motorola Solutions (NYSE:MSI) had its price target reduced by JPMorgan Chase & Co. from $570.00 to $515.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 21.78% from the stock’s current price.

A number of other research analysts also recently commented on MSI. Morgan Stanley upped their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays dropped their target price on shares of Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $515.25.

Motorola Solutions Stock Up 0.6 %

MSI opened at $422.89 on Thursday. The company has a market cap of $70.61 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 3.82 and a beta of 0.94. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions has a 1 year low of $332.98 and a 1 year high of $507.82. The firm has a 50 day moving average price of $427.53 and a 200 day moving average price of $456.76.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.10). Motorola Solutions had a net margin of 14.58% and a return on equity of 197.59%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. Sell-side analysts expect that Motorola Solutions will post 13.55 earnings per share for the current year.

Hedge Funds Weigh In On Motorola Solutions

A number of hedge funds have recently made changes to their positions in MSI. Raymond James Financial Inc. acquired a new stake in shares of Motorola Solutions in the 4th quarter valued at $1,528,949,000. Norges Bank bought a new position in shares of Motorola Solutions in the 4th quarter valued at about $1,073,645,000. GAMMA Investing LLC grew its position in shares of Motorola Solutions by 43,787.3% during the 1st quarter. GAMMA Investing LLC now owns 1,084,455 shares of the communications equipment provider’s stock worth $474,785,000 after buying an additional 1,081,984 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Motorola Solutions by 330.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 631,551 shares of the communications equipment provider’s stock worth $291,922,000 after buying an additional 484,727 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Motorola Solutions by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,187,217 shares of the communications equipment provider’s stock worth $1,933,360,000 after acquiring an additional 451,172 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.