Motorola Solutions (MSI) Receives $120.10 Average Target Price from Analysts

Shares of Motorola Solutions (NYSE:MSI) have been given an average rating of “Buy” by the fifteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $120.10.

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Motorola Solutions in a research note on Wednesday, May 9th. They issued an “outperform” rating and a $129.00 price objective for the company. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Thursday, May 10th. BMO Capital Markets boosted their target price on Motorola Solutions from $116.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Jefferies Group reissued a “buy” rating on shares of Motorola Solutions in a research note on Thursday, March 1st. Finally, Raymond James assumed coverage on Motorola Solutions in a research note on Friday, February 23rd. They set an “outperform” rating for the company.

Shares of Motorola Solutions traded down $0.23, reaching $110.63, during trading on Friday, according to Marketbeat. The stock had a trading volume of 16,861 shares, compared to its average volume of 1,372,801. Motorola Solutions has a fifty-two week low of $81.67 and a fifty-two week high of $111.91. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of -3.45. The stock has a market capitalization of $17.97 billion, a PE ratio of 21.40, a PEG ratio of 2.12 and a beta of 0.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.08 annualized dividend and a yield of 1.88%. Motorola Solutions’s payout ratio is 40.00%.

In related news, Chairman Gregory Q. Brown sold 185,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $109.08, for a total transaction of $20,179,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Motorola Solutions by 3.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,074 shares of the communications equipment provider’s stock worth $1,452,000 after acquiring an additional 479 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Motorola Solutions by 3.3% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,653 shares of the communications equipment provider’s stock worth $1,414,000 after acquiring an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Motorola Solutions by 4.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,450 shares of the communications equipment provider’s stock worth $1,215,000 after acquiring an additional 517 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Motorola Solutions by 10.7% during the 1st quarter. IFM Investors Pty Ltd now owns 5,493 shares of the communications equipment provider’s stock worth $578,000 after acquiring an additional 530 shares in the last quarter. Finally, First Manhattan Co. boosted its position in shares of Motorola Solutions by 2.2% during the 4th quarter. First Manhattan Co. now owns 25,890 shares of the communications equipment provider’s stock worth $2,338,000 after acquiring an additional 564 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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