MKM Partners Raises Motorola Solutions (NYSE:MSI) Price Target to $170.00

Motorola Solutions (NYSE:MSI) had its target price boosted by equities researchers at MKM Partners to $170.00 in a research note issued on Friday, The Fly reports. MKM Partners’ price target points to a potential upside of 0.29% from the stock’s current price.

Several other research firms have also commented on MSI. Citigroup increased their price target on shares of Motorola Solutions from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Northcoast Research lowered shares of Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price target for the company. in a research report on Wednesday, July 17th. Argus increased their price target on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price target for the company. in a research report on Wednesday, July 3rd. Finally, Deutsche Bank increased their price target on shares of Motorola Solutions from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $151.93.

NYSE:MSI traded up $4.74 during mid-day trading on Friday, reaching $169.50. The company’s stock had a trading volume of 76,041 shares, compared to its average volume of 637,231. Motorola Solutions has a 1 year low of $108.25 and a 1 year high of $173.44. The business’s fifty day simple moving average is $167.82. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.93 and a beta of 0.58.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. Research analysts predict that Motorola Solutions will post 7.41 earnings per share for the current year.

In related news, CFO Gino A. Bonanotte sold 49,554 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $156.86, for a total value of $7,773,040.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark S. Hacker sold 54,712 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was 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. In the last quarter, insiders sold 293,426 shares of company stock worth $45,783,035. 2.99% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at $28,000. Reilly Financial Advisors LLC lifted its holdings in Motorola Solutions by 386.0% in the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 332 shares in the last quarter. Institutional & Family Asset Management LLC lifted its holdings in Motorola Solutions by 100.0% in the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Hexavest Inc. purchased a new position in Motorola Solutions in the 2nd quarter valued at $30,000. Finally, Icon Wealth Partners LLC purchased a new position in Motorola Solutions in the 1st quarter valued at $36,000. 85.44% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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