Motorola Solutions, Inc. (MSI) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Motorola Solutions, Inc. (NYSE:MSI) from a hold rating to a buy rating in a research report report published on Thursday morning. Zacks Investment Research currently has $103.00 price objective on the communications equipment provider’s stock.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry so far this year. Ushering in further good news, the company reported better-than-expected earnings per share and revenues in the third quarter of 2017. Moreover, both metrics improved on a year-over-year basis. This improvement was owing to an increase in sales driven by the strong performance of its land and mobile radio operations. Efforts to strengthen its software product portfolio also raise optimism in the stock. In keeping with its objective, the company completed the acquisition of Kodiak Networks, earlier in 2017. The company's decision to raise its quarterly dividend payout is also encouraging. We are also impressed by the upbeat 2017 view provided by the company. Though positive on Motorola's growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. The company's weak balance sheet is also concerning.”
Several other brokerages have also commented on MSI. BMO Capital Markets raised their price target on Motorola Solutions from $95.00 to $102.00 and gave the company an outperform rating in a research note on Friday, August 4th. Cleveland Research upgraded Motorola Solutions from a neutral rating to a buy rating in a research note on Friday, October 6th. Credit Suisse Group set a $95.00 price target on Motorola Solutions and gave the company a buy rating in a research note on Thursday, July 27th. Jefferies Group LLC restated a buy rating on shares of Motorola Solutions in a research note on Thursday, August 31st. Finally, ValuEngine lowered Motorola Solutions from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $95.08.
Motorola Solutions (MSI) traded down $0.54 during trading hours on Thursday, hitting $91.07. The stock had a trading volume of 584,800 shares, compared to its average volume of 760,325. Motorola Solutions has a fifty-two week low of $76.92 and a fifty-two week high of $94.94. The company has a market capitalization of $14,753.32, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 4.06 and a beta of 0.33. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. analysts forecast that Motorola Solutions will post 5.14 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s payout ratio is 48.08%.
In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd grew its stake in shares of Motorola Solutions by 51.9% during the second quarter. WINTON GROUP Ltd now owns 164,129 shares of the communications equipment provider’s stock worth $14,237,000 after acquiring an additional 56,105 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Motorola Solutions by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 624,195 shares of the communications equipment provider’s stock worth $54,143,000 after acquiring an additional 38,642 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Motorola Solutions by 11.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 795,770 shares of the communications equipment provider’s stock worth $69,025,000 after acquiring an additional 82,182 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Motorola Solutions during the second quarter worth about $2,325,000. Finally, CIBC World Markets Inc. grew its stake in shares of Motorola Solutions by 33.0% during the second quarter. CIBC World Markets Inc. now owns 8,880 shares of the communications equipment provider’s stock worth $770,000 after acquiring an additional 2,204 shares during the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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