Credit Suisse Group Lowers Motorola Solutions (NYSE:MSI) Price Target to $300.00

Motorola Solutions (NYSE:MSIGet Rating) had its price objective cut by equities research analysts at Credit Suisse Group from $301.00 to $300.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a “market outperform” rating on the communications equipment provider’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 16.82% from the stock’s current price.

Other research analysts also recently issued reports about the company. Barclays lifted their target price on Motorola Solutions to $305.00 in a research note on Tuesday, August 9th. StockNews.com initiated coverage on Motorola Solutions in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Morgan Stanley cut Motorola Solutions from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $240.00 to $260.00 in a research note on Wednesday, September 14th. Finally, Cowen upped their target price on Motorola Solutions to $311.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $289.43.

Motorola Solutions Trading Up 0.5 %

NYSE MSI opened at $256.80 on Monday. Motorola Solutions has a 52 week low of $195.18 and a 52 week high of $273.65. The stock has a market cap of $42.96 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. The company has a 50-day moving average price of $236.77 and a two-hundred day moving average price of $227.56.

Motorola Solutions (NYSE:MSIGet Rating) last announced its earnings results on Thursday, November 3rd. The communications equipment provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.12. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Motorola Solutions had a negative return on equity of 533.01% and a net margin of 13.47%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.19 earnings per share. As a group, equities research analysts expect that Motorola Solutions will post 9.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory Q. Brown sold 69,229 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $255.80, for a total value of $17,708,778.20. Following the transaction, the chief executive officer now directly owns 70,308 shares of the company’s stock, valued at approximately $17,984,786.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Motorola Solutions news, CEO Gregory Q. Brown sold 69,229 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $255.80, for a total value of $17,708,778.20. Following the completion of the sale, the chief executive officer now owns 70,308 shares in the company, valued at approximately $17,984,786.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Q. Brown sold 100,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $254.14, for a total value of $25,414,000.00. Following the completion of the sale, the chief executive officer now owns 70,308 shares of the company’s stock, valued at approximately $17,868,075.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,377 shares of company stock worth $57,064,982. Company insiders own 1.85% of the company’s stock.

Institutional Trading of Motorola Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Motorola Solutions by 30.8% during the first quarter. Assenagon Asset Management S.A. now owns 4,836 shares of the communications equipment provider’s stock valued at $1,171,000 after buying an additional 1,138 shares during the period. Cerity Partners LLC lifted its stake in shares of Motorola Solutions by 42.6% during the first quarter. Cerity Partners LLC now owns 2,167 shares of the communications equipment provider’s stock worth $525,000 after buying an additional 647 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Motorola Solutions by 39.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,515 shares of the communications equipment provider’s stock worth $1,094,000 after buying an additional 1,268 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Motorola Solutions by 4.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 2,824 shares of the communications equipment provider’s stock worth $684,000 after buying an additional 125 shares during the period. Finally, Foyston Gordon & Payne Inc lifted its stake in shares of Motorola Solutions by 1.6% during the first quarter. Foyston Gordon & Payne Inc now owns 100,307 shares of the communications equipment provider’s stock worth $24,294,000 after buying an additional 1,537 shares during the period. Institutional investors own 83.96% of the company’s stock.

Motorola Solutions Company Profile

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Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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