Motorola Solutions (NYSE:MSI) Stock Gets Price Target Increase from JPMorgan Chase & Co.

Motorola Solutions (NYSE:MSI – Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $545.00 to $570.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the communications equipment provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.91% from the stock’s previous close.

A number of other brokerages also recently issued reports on MSI. Weiss Ratings raised shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a report on Thursday, August 6th. UBS Group increased their target price on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Bank of America reissued a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $545.70.

View Our Latest Stock Analysis on Motorola Solutions

Motorola Solutions Stock Performance

NYSE MSI traded down $3.10 during trading on Thursday, hitting $513.91. 1,743,733 shares of the company’s stock traded hands, compared to its average volume of 903,482. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. The stock has a market capitalization of $85.05 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.91 and a beta of 0.86. Motorola Solutions has a 12-month low of $359.36 and a 12-month high of $548.28. The business has a 50 day moving average of $467.94 and a 200-day moving average of $441.87.

Motorola Solutions (NYSE:MSI – Get Free Report) last posted its earnings results on Wednesday, November 4th. The communications equipment provider reported $4.69 earnings per share for the quarter, topping the consensus estimate of $4.42 by $0.27. Motorola Solutions had a net margin of 17.44% and a return on equity of 98.22%. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned $4.06 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Motorola Solutions will post 15.91 earnings per share for the current fiscal year.

Insider Transactions at Motorola Solutions

In related news, SVP Kathryn Moore sold 1,004 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the transaction, the senior vice president directly owned 1,282 shares of the company’s stock, valued at approximately $611,462.72. This trade represents a 43.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory Q. Brown sold 14,220 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total value of $6,899,828.40. Following the completion of the sale, the chief executive officer owned 66,648 shares of the company’s stock, valued at $32,338,942.56. The trade was a 17.58% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State Street Corp grew its holdings in shares of Motorola Solutions by 4.3% during the 2nd quarter. State Street Corp now owns 7,849,952 shares of the communications equipment provider’s stock valued at $3,269,332,000 after purchasing an additional 323,725 shares during the last quarter. Aristotle Capital Management LLC bought a new stake in Motorola Solutions in the first quarter worth $983,432,000. Amundi boosted its position in Motorola Solutions by 1.9% during the first quarter. Amundi now owns 1,600,491 shares of the communications equipment provider’s stock valued at $694,565,000 after buying an additional 30,264 shares during the period. Bank of America Corp DE boosted its position in Motorola Solutions by 34.3% during the first quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock valued at $599,532,000 after buying an additional 352,679 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Motorola Solutions by 5.0% during the first quarter. Janus Henderson Group PLC now owns 1,244,326 shares of the communications equipment provider’s stock valued at $539,958,000 after buying an additional 59,294 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.

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Motorola Solutions Company Profile

(Get Free Report)

Motorola Solutions, Inc provides communications, software, video security and related services for public safety agencies and commercial and industrial organizations. Its products include two-way radios and land mobile radio systems, dispatch consoles, command center software, video surveillance systems and access control technology.

The company’s offerings are designed to help customers coordinate communications, manage incidents and support security operations. Motorola Solutions also provides services such as system integration, maintenance and technical support.

Motorola Solutions serves customers around the world.

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Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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