Motorola Solutions (MSI) Upgraded to Buy at Zacks Investment Research

Motorola Solutions (NYSE:MSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The firm presently has a $160.00 target price on the communications equipment provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.66% from the company’s previous close.

According to Zacks, “Motorola started 2019 on a positive note with record first-quarter revenues, operating earnings and backlog, driven by strength in both segments and diligent execution of operational plans. The company’s growth momentum is likely to continue throughout the year with healthy demand across its portfolio. Motorola intends to boost its position in the public safety domain by entering into strategic alliances with other players in the ecosystem. The company’s competitive position, disciplined capital deployment and attractive portfolio augur well for the future. Management also reiterated its earlier guidance for 2019 on the back of solid demand trends and healthy growth dynamics. The stock has outperformed the industry over the past year on average. However, adverse currency translations remain headwinds as the company generates significant revenues outside the United States.”

A number of other research firms also recently weighed in on MSI. Deutsche Bank lifted their target price on Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Raymond James set a $139.00 target price on Motorola Solutions and gave the stock a “buy” rating in a report on Friday, February 8th. TheStreet raised Motorola Solutions from a “c+” rating to a “b-” rating in a report on Tuesday, February 26th. ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Credit Suisse Group lifted their target price on Motorola Solutions from $134.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $139.39.

Motorola Solutions stock traded up $0.68 during mid-day trading on Friday, hitting $145.91. 7,367 shares of the company’s stock traded hands, compared to its average volume of 991,430. Motorola Solutions has a fifty-two week low of $105.89 and a fifty-two week high of $148.43. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.44 and a beta of 0.59.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Motorola Solutions will post 7.35 EPS for the current year.

In related news, EVP John P. Molloy sold 79,995 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $139.42, for a total value of $11,152,902.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark S. Hacker sold 54,712 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $140.75, for a total value of $7,700,714.00. The disclosure for this sale can be found here. Insiders sold 153,092 shares of company stock worth $21,478,871 in the last 90 days. 2.99% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its position in shares of Motorola Solutions by 358.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,885 shares of the communications equipment provider’s stock worth $3,668,000 after purchasing an additional 24,923 shares during the period. Advisor Partners LLC increased its position in shares of Motorola Solutions by 3.1% in the fourth quarter. Advisor Partners LLC now owns 5,436 shares of the communications equipment provider’s stock worth $625,000 after purchasing an additional 166 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Motorola Solutions by 0.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 258,370 shares of the communications equipment provider’s stock worth $28,834,000 after purchasing an additional 850 shares during the period. Norinchukin Bank The grew its position in Motorola Solutions by 42.0% in the fourth quarter. Norinchukin Bank The now owns 30,726 shares of the communications equipment provider’s stock valued at $3,535,000 after acquiring an additional 9,086 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its position in Motorola Solutions by 2.9% in the fourth quarter. Neuburgh Advisers LLC now owns 73,264 shares of the communications equipment provider’s stock valued at $8,428,000 after acquiring an additional 2,080 shares during the last quarter. Institutional investors own 87.07% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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