Motorola Solutions, Inc. (MSI) Stock Rating Lowered by Zacks Investment Research


Motorola Solutions, Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Shares of Motorola Solutions have outperformed its industry in a year. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver impressive bottom-line performances in the coming quarters as well, driven by its strong product portfolio. In keeping with its growth-by-acquisition strategy, the company recently completed the acquisition of Kodiak Networks. The buyout has strengthened its software product portfolio. Last year, it acquired Spillman Technologies with a similar objective. We are also impressed by Motorola’s efforts to reward its investors through dividend payments and buybacks. However, currency related headwinds might hurt the stock going forward. The company’s high debt levels also remain a concern.”

Several other analysts have also recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 31st. BidaskClub raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group set a $95.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $94.08.

Motorola Solutions (NYSE:MSI) opened at 89.08 on Monday. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company has a market cap of $14.49 billion, a PE ratio of 23.49 and a beta of 0.31. The firm has a 50-day moving average of $86.14 and a 200-day moving average of $86.20.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, analysts predict that Motorola Solutions will post $5.29 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Motorola Solutions, Inc. (MSI) Stock Rating Lowered by Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/motorola-solutions-inc-msi-stock-rating-lowered-by-zacks-investment-research.html.

In other news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Motorola Solutions by 1.6% during the second quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock worth $1,413,066,000 after purchasing an additional 254,399 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Motorola Solutions by 6.7% during the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after purchasing an additional 600,229 shares in the last quarter. State Street Corp lifted its position in shares of Motorola Solutions by 1.8% during the second quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after purchasing an additional 135,926 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Motorola Solutions by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock worth $473,457,000 after purchasing an additional 110,330 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Motorola Solutions by 8.6% during the second quarter. Victory Capital Management Inc. now owns 2,191,729 shares of the communications equipment provider’s stock worth $190,111,000 after purchasing an additional 174,063 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Motorola Solutions Company Profile

According to Zacks, “Shares of Motorola Solutions have outperformed its industry in a year. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver impressive bottom-line performances in the coming quarters as well, driven by its strong product portfolio. In keeping with its growth-by-acquisition strategy, the company recently completed the acquisition of Kodiak Networks. The buyout has strengthened its software product portfolio. Last year, it acquired Spillman Technologies with a similar objective. We are also impressed by Motorola’s efforts to reward its investors through dividend payments and buybacks. However, currency related headwinds might hurt the stock going forward. The company’s high debt levels also remain a concern.”

Several other analysts have also recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating on shares of Motorola Solutions in a research note on Thursday, August 31st. BidaskClub raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group set a $95.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $94.08.

Motorola Solutions (NYSE:MSI) opened at 89.08 on Monday. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company has a market cap of $14.49 billion, a PE ratio of 23.49 and a beta of 0.31. The firm has a 50-day moving average of $86.14 and a 200-day moving average of $86.20.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, analysts predict that Motorola Solutions will post $5.29 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Motorola Solutions, Inc. (MSI) Stock Rating Lowered by Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/motorola-solutions-inc-msi-stock-rating-lowered-by-zacks-investment-research.html.

In other news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Motorola Solutions by 1.6% during the second quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock worth $1,413,066,000 after purchasing an additional 254,399 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Motorola Solutions by 6.7% during the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock worth $831,768,000 after purchasing an additional 600,229 shares in the last quarter. State Street Corp lifted its position in shares of Motorola Solutions by 1.8% during the second quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after purchasing an additional 135,926 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Motorola Solutions by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock worth $473,457,000 after purchasing an additional 110,330 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Motorola Solutions by 8.6% during the second quarter. Victory Capital Management Inc. now owns 2,191,729 shares of the communications equipment provider’s stock worth $190,111,000 after purchasing an additional 174,063 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Motorola Solutions Company Profile

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.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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