Motorola Solutions, Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Shares of Motorola Solutions have outperformed its industry so far this year. We expect the company to deliver an impressive bottom-line performance in the third quarter, driven by its strong product portfolio. Detailed results should be out on Nov 2. In keeping with its growth-by-acquisition strategy, the company completed the acquisition of Kodiak Networks, earlier in 2017. The buyout has strengthened its software product portfolio. However, currency related headwinds might hurt the stock going forward. Though positive on Motorola’s growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. The company’s weak balance sheet is also concerning.”
A number of other brokerages have also issued reports on MSI. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. BMO Capital Markets increased their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Deutsche Bank AG increased their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Cowen and Company reaffirmed a “market perform” rating and set a $83.00 price target (up previously from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average target price of $94.42.
Motorola Solutions (NYSE MSI) traded up 0.03% during mid-day trading on Monday, hitting $90.03. 133,337 shares of the stock traded hands. The stock’s 50 day moving average is $86.71 and its 200-day moving average is $86.45. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 23.74 and a beta of 0.31. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $1.03 earnings per share. Motorola Solutions’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Motorola Solutions will post $5.29 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Motorola Solutions, Inc. (MSI) Downgraded by Zacks Investment Research to “Hold”” was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.truebluetribune.com/2017/10/23/motorola-solutions-inc-msi-downgraded-by-zacks-investment-research-to-hold.html.
In other news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Motorola Solutions by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock valued at $1,413,066,000 after acquiring an additional 254,399 shares during the period. Lazard Asset Management LLC raised its stake in shares of Motorola Solutions by 6.7% in the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after acquiring an additional 600,229 shares during the period. State Street Corp raised its stake in shares of Motorola Solutions by 1.8% in the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock valued at $670,905,000 after acquiring an additional 135,926 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Motorola Solutions by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after acquiring an additional 110,330 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Motorola Solutions by 8.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,191,729 shares of the communications equipment provider’s stock valued at $190,111,000 after acquiring an additional 174,063 shares during the period. 87.38% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Motorola Solutions Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Motorola Solutions Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.