Raymond James Forecasts Strong Price Appreciation for Motorola Solutions (NYSE:MSI) Stock

Motorola Solutions (NYSE:MSI) had its price objective increased by equities research analysts at Raymond James from $425.00 to $515.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the communications equipment provider’s stock. Raymond James’ price target suggests a potential upside of 2.59% from the company’s current price.

Several other equities analysts have also issued reports on MSI. Deutsche Bank Aktiengesellschaft increased their target price on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group boosted their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Barclays increased their price objective on Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $493.43.

Motorola Solutions Stock Performance

NYSE:MSI traded up $32.06 during midday trading on Friday, hitting $502.01. The company’s stock had a trading volume of 501,697 shares, compared to its average volume of 665,701. The firm has a market cap of $83.76 billion, a P/E ratio of 54.89, a P/E/G ratio of 3.86 and a beta of 0.97. Motorola Solutions has a fifty-two week low of $305.73 and a fifty-two week high of $502.52. The firm’s 50 day moving average is $452.76 and its 200-day moving average is $407.52. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.10 by $0.36. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Motorola Solutions had a net margin of 14.04% and a return on equity of 337.36%. Equities analysts anticipate that Motorola Solutions will post 12.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MSI. MFA Wealth Advisors LLC acquired a new position in Motorola Solutions during the second quarter worth $25,000. Beacon Capital Management LLC lifted its stake in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 28 shares during the period. LRI Investments LLC boosted its stake in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Motorola Solutions in the 1st quarter valued at $28,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Motorola Solutions in the second quarter worth about $29,000. 84.17% of the stock is owned by institutional investors.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.