Motorola Solutions (NYSE:MSI) Price Target Increased to $190.00 by Analysts at Argus

Motorola Solutions (NYSE:MSI) had its price target boosted by stock analysts at Argus from $165.00 to $190.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Argus’ price objective would indicate a potential upside of 10.73% from the stock’s current price.

Several other brokerages have also recently weighed in on MSI. Deutsche Bank restated a “buy” rating on shares of Total in a research report on Tuesday, April 9th. MKM Partners boosted their price target on shares of Arista Networks to $295.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. BTIG Research assumed coverage on shares of GrubHub in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Northcoast Research cut shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price target on the stock. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $148.00.

MSI stock opened at $171.59 on Wednesday. Motorola Solutions has a one year low of $108.25 and a one year high of $173.44. The stock has a fifty day moving average of $164.56. The stock has a market capitalization of $28.26 billion, a P/E ratio of 25.12, a PEG ratio of 3.00 and a beta of 0.58.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.20. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. Motorola Solutions’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, analysts anticipate that Motorola Solutions will post 7.41 earnings per share for the current fiscal year.

In other Motorola Solutions news, SVP Rajan Naik sold 1,708 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total transaction of $257,617.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark S. Hacker sold 54,712 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $140.75, for a total transaction of $7,700,714.00. The disclosure for this sale can be found here. Insiders have sold 293,426 shares of company stock worth $45,783,035 in the last quarter. Company insiders own 2.99% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Motorola Solutions by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 467,391 shares of the communications equipment provider’s stock valued at $53,759,000 after purchasing an additional 31,805 shares during the period. Geode Capital Management LLC boosted its stake in shares of Motorola Solutions by 12.3% during the fourth quarter. Geode Capital Management LLC now owns 2,456,130 shares of the communications equipment provider’s stock valued at $282,258,000 after purchasing an additional 269,031 shares during the period. Mackay Shields LLC boosted its stake in shares of Motorola Solutions by 61.7% during the fourth quarter. Mackay Shields LLC now owns 41,840 shares of the communications equipment provider’s stock valued at $4,813,000 after purchasing an additional 15,961 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Motorola Solutions by 105.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,062 shares of the communications equipment provider’s stock valued at $142,000 after purchasing an additional 1,058 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Motorola Solutions during the fourth quarter valued at $470,000. Institutional investors and hedge funds own 85.74% of the company’s stock.

About Motorola Solutions

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.

Further Reading: How Does the Quiet Period Work?

The Fly

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.