Raymond James Issues Positive Forecast for Motorola Solutions (NYSE:MSI) Stock Price

Motorola Solutions (NYSE:MSI) had its target price boosted by equities research analysts at Raymond James from $425.00 to $515.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the communications equipment provider’s stock. Raymond James’ target price indicates a potential upside of 2.59% from the stock’s previous close.

MSI has been the subject of a number of other research reports. Jefferies Financial Group boosted their price target on shares of Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Evercore ISI boosted their target price on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their target price 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. Barclays raised their target price on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America upped their price target on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $32.06 during trading on Friday, reaching $502.01. 501,697 shares of the company traded hands, compared to its average volume of 665,701. The company’s 50 day moving average is $452.76 and its two-hundred day moving average is $407.52. The firm has a market capitalization of $83.76 billion, a PE ratio of 54.89, a PEG ratio of 3.86 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 7.03. Motorola Solutions has a 52 week low of $305.73 and a 52 week high of $502.52.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. As a group, sell-side analysts predict that Motorola Solutions will post 12.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norden Group LLC bought a new position in shares of Motorola Solutions during the 1st quarter worth $216,000. Envestnet Portfolio Solutions Inc. raised its stake in Motorola Solutions by 1.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,484 shares of the communications equipment provider’s stock worth $2,302,000 after acquiring an additional 99 shares during the last quarter. Empowered Funds LLC boosted its position in Motorola Solutions by 11.4% in the first quarter. Empowered Funds LLC now owns 5,490 shares of the communications equipment provider’s stock valued at $1,949,000 after buying an additional 564 shares during the last quarter. Smithfield Trust Co increased its stake in shares of Motorola Solutions by 15.9% in the first quarter. Smithfield Trust Co now owns 379 shares of the communications equipment provider’s stock worth $135,000 after acquiring an additional 52 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at about $2,272,000. 84.17% of the stock is owned by hedge funds and other 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.