Motorola Solutions (NYSE:MSI) Given New $520.00 Price Target at Bank of America

Motorola Solutions (NYSE:MSI) had its target price boosted by equities researchers at Bank of America from $440.00 to $520.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Bank of America‘s price target points to a potential upside of 11.19% from the company’s previous close.

A number of other equities research analysts also recently issued reports on MSI. Barclays boosted their price target on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI increased their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Jefferies Financial Group boosted their price objective on shares of Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $479.50.

Motorola Solutions Trading Down 0.5 %

Shares of NYSE MSI traded down $2.52 on Wednesday, reaching $467.66. 193,989 shares of the company traded hands, compared to its average volume of 661,915. The stock has a market capitalization of $78.01 billion, a PE ratio of 57.95, a P/E/G ratio of 4.07 and a beta of 0.97. Motorola Solutions has a fifty-two week low of $271.73 and a fifty-two week high of $480.28. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03. The company has a 50 day moving average of $445.43 and a 200 day moving average of $399.04.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 EPS for the quarter, topping the consensus estimate of $3.01 by $0.23. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Motorola Solutions’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 earnings per share. On average, equities research analysts forecast that Motorola Solutions will post 12.22 earnings per share for the current fiscal year.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, COO John P. Molloy sold 23,985 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total value of $9,773,887.50. Following the transaction, the chief operating officer now owns 46,821 shares in the company, valued at $19,079,557.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Motorola Solutions

A number of institutional investors have recently made changes to their positions in MSI. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the second quarter worth $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. LRI Investments LLC raised its stake in shares of Motorola Solutions by 871.4% in the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Motorola Solutions during the second quarter worth about $29,000. Finally, Crewe Advisors LLC acquired a new position in Motorola Solutions in the first quarter worth about $28,000. 84.17% of the stock is owned by institutional investors and hedge funds.

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.