Jefferies Group LLC Upgrades Motorola Solutions Inc (MSI) to “Buy”

Motorola Solutions Inc (NYSE:MSI) was upgraded by stock analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other research firms have also recently weighed in on MSI. MKM Partners reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Motorola Solutions in a research report on Wednesday, January 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Motorola Solutions in a research report on Tuesday. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “sell” rating in a research report on Wednesday, January 4th. Citigroup Inc raised Motorola Solutions from a “neutral” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Monday, January 23rd. Finally, Gabelli raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, February 6th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.91.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

Motorola Solutions (NYSE:MSI) opened at 84.30 on Tuesday. Motorola Solutions has a 12 month low of $62.76 and a 12 month high of $87.55. The company has a market capitalization of $13.89 billion, a PE ratio of 26.02 and a beta of 0.45. The firm’s 50-day moving average is $80.51 and its 200-day moving average is $79.19.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.18. Motorola Solutions had a negative return on equity of 134.65% and a net margin of 9.26%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts anticipate that Motorola Solutions will post $5.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 15th will be issued a $0.47 dividend. The ex-dividend date is Monday, March 13th. This represents a $1.88 dividend on an annualized basis and a yield of 2.23%. Motorola Solutions’s dividend payout ratio is presently 57.49%.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Motorola Solutions by 11.2% in the fourth quarter. State Street Corp now owns 7,484,186 shares of the company’s stock worth $620,366,000 after buying an additional 755,730 shares in the last quarter. Parnassus Investments CA boosted its position in Motorola Solutions by 10.5% in the third quarter. Parnassus Investments CA now owns 6,729,538 shares of the company’s stock worth $513,329,000 after buying an additional 638,423 shares in the last quarter. Lazard Asset Management LLC boosted its position in Motorola Solutions by 4,729.6% in the third quarter. Lazard Asset Management LLC now owns 5,215,125 shares of the company’s stock worth $397,809,000 after buying an additional 5,107,143 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Motorola Solutions by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,832,088 shares of the company’s stock worth $368,592,000 after buying an additional 177,267 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Motorola Solutions by 5.6% in the third quarter. BlackRock Fund Advisors now owns 4,306,201 shares of the company’s stock worth $328,477,000 after buying an additional 226,519 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

5 Day Chart for NYSE:MSI

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