Motorola Solutions (NYSE:MSI) had its price target hoisted by analysts at Deutsche Bank to $125.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank’s target price would suggest a potential upside of 17.76% from the stock’s current price.
Several other research analysts also recently weighed in on the company. Jefferies Group upped their target price on Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup boosted their price target on Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. began coverage on Motorola Solutions in a research report on Friday, February 9th. They set a “neutral” rating and a $115.00 price target for the company. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $111.18.
Motorola Solutions (MSI) opened at $106.15 on Thursday. The company has a debt-to-equity ratio of -2.56, a quick ratio of 1.24 and a current ratio of 1.35. The firm has a market capitalization of $17,198.61, a P/E ratio of -98.29, a PEG ratio of 2.11 and a beta of 0.40. Motorola Solutions has a 52 week low of $78.75 and a 52 week high of $107.78.
In other Motorola Solutions news, EVP Mark S. Hacker sold 19,700 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $93.00, for a total value of $1,832,100.00. Following the completion of the sale, the executive vice president now directly owns 28,685 shares in the company, valued at approximately $2,667,705. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Eduardo F. Conrado sold 75,830 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $93.12, for a total value of $7,061,289.60. Following the completion of the sale, the executive vice president now owns 51,346 shares of the company’s stock, valued at $4,781,339.52. The disclosure for this sale can be found here. Insiders have sold 1,098,297 shares of company stock valued at $28,625,147 over the last quarter. 2.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of MSI. Grove Bank & Trust grew its holdings in Motorola Solutions by 731.0% in the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 1,060 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in Motorola Solutions in the 4th quarter valued at $168,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Motorola Solutions in the 3rd quarter valued at $187,000. Tower Research Capital LLC TRC purchased a new stake in Motorola Solutions in the 4th quarter valued at $188,000. Finally, Meeder Asset Management Inc. grew its holdings in Motorola Solutions by 67.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after buying an additional 874 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.
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About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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