Motorola Solutions (NYSE:MSI) Given New $375.00 Price Target at Deutsche Bank Aktiengesellschaft

Motorola Solutions (NYSE:MSI) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $355.00 to $375.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 4.74% from the stock’s previous close.

Several other research analysts have also weighed in on the company. StockNews.com raised Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. Evercore ISI began coverage on shares of Motorola Solutions in a report on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. Finally, Barclays upped their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $357.43.

Motorola Solutions Price Performance

MSI opened at $358.02 on Monday. The firm has a market capitalization of $59.71 billion, a P/E ratio of 44.25, a PEG ratio of 3.27 and a beta of 0.91. The stock has a fifty day moving average of $344.39 and a 200-day moving average of $325.32. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $358.20.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.38 EPS. Equities analysts forecast that Motorola Solutions will post 11.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Motorola Solutions

Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its position in Motorola Solutions by 5.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,864 shares of the communications equipment provider’s stock worth $5,136,000 after purchasing an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Motorola Solutions by 1.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,442 shares of the communications equipment provider’s stock worth $4,204,000 after buying an additional 225 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Motorola Solutions by 17.4% during the third quarter. Stratos Wealth Partners LTD. now owns 1,386 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 205 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Motorola Solutions by 7.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,984 shares of the communications equipment provider’s stock valued at $8,980,000 after acquiring an additional 2,198 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Motorola Solutions by 3.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 35,012 shares of the communications equipment provider’s stock worth $9,532,000 after acquiring an additional 1,150 shares during the period. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.