Motorola Solutions, Inc. (NYSE:MSI) Lifted 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 report published on Thursday morning. Zacks Investment Research currently has $102.00 target price on the communications equipment provider’s stock.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry in the past one year. We are impressed by the company's strategy of growing through mergers and acquisitions. The acquisition of Spillman Technologies, last year, significantly expanded its product portfolio. The purchase of Interexport, earlier this year, is also a positive. We are impressed by Motorola’s efforts to reward investors through dividend payments and buybacks. These tailwinds will aid its second quarter results, to be released on Aug 3. However, we remain concerned about the company's exposure to foreign exchange movements. Moreoever, the reduction in government expenditure and macroeconomic fluctuations may affect the company’s top line, going forward.”
Other analysts have also recently issued research reports about the company. Gabelli upgraded Motorola Solutions from a hold rating to a buy rating in a research report on Monday, May 8th. BidaskClub upgraded Motorola Solutions from a hold rating to a buy rating in a research report on Tuesday, June 27th. BMO Capital Markets reiterated a buy rating on shares of Motorola Solutions in a research report on Friday, June 23rd. Northcoast Research upgraded Motorola Solutions from a neutral rating to a buy rating and set a $100.00 target price for the company in a research report on Tuesday, May 30th. Finally, Citigroup Inc. reiterated a buy rating and set a $102.00 target price (up previously from $93.00) on shares of Motorola Solutions in a research report on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $90.92.
Shares of Motorola Solutions (MSI) traded down 0.35% during mid-day trading on Thursday, hitting $90.69. The stock had a trading volume of 41,837 shares. The company has a market cap of $14.82 billion, a PE ratio of 25.07 and a beta of 0.31. Motorola Solutions has a 12 month low of $68.36 and a 12 month high of $92.67. The stock’s 50-day moving average is $87.88 and its 200 day moving average is $84.09.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.14. Motorola Solutions had a negative return on equity of 102.32% and a net margin of 10.10%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that Motorola Solutions will post $5.20 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, June 13th. Motorola Solutions’s payout ratio is 51.93%.
Large investors have recently bought and sold shares of the stock. Cleararc Capital Inc. raised its stake in Motorola Solutions by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock valued at $349,000 after buying an additional 22 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock valued at $903,000 after buying an additional 34 shares during the last quarter. Signaturefd LLC raised its stake in Motorola Solutions by 1.3% in the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock valued at $286,000 after buying an additional 42 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Motorola Solutions by 1.5% in the second quarter. Capital Investment Advisors LLC now owns 3,091 shares of the communications equipment provider’s stock valued at $268,000 after buying an additional 46 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in Motorola Solutions by 0.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,898 shares of the communications equipment provider’s stock valued at $872,000 after buying an additional 50 shares during the last quarter. 87.29% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Company Profile
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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