Barclays Boosts Motorola Solutions (NYSE:MSI) Price Target to $529.00

Motorola Solutions (NYSE:MSI) had its target price increased by stock analysts at Barclays from $467.00 to $529.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the communications equipment provider’s stock. Barclays‘s price target indicates a potential upside of 4.84% from the company’s current price.

A number of other research firms have also weighed in on MSI. Evercore ISI upped their target price on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America boosted their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $493.43.

Motorola Solutions Stock Up 7.4 %

Shares of NYSE MSI opened at $504.60 on Friday. Motorola Solutions has a 52-week low of $305.73 and a 52-week high of $506.72. The firm has a market capitalization of $84.19 billion, a price-to-earnings ratio of 59.09, a PEG ratio of 3.95 and a beta of 0.97. The stock has a 50 day moving average price of $454.67 and a 200 day moving average price of $409.07. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Sell-side analysts expect that Motorola Solutions will post 12.22 earnings per share for the current year.

Institutional Trading of Motorola Solutions

Several large investors have recently added to or reduced their stakes in MSI. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Motorola Solutions by 32.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 358,011 shares of the communications equipment provider’s stock valued at $138,210,000 after acquiring an additional 88,603 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Motorola Solutions during the 2nd quarter valued at about $19,694,000. State Board of Administration of Florida Retirement System raised its position in Motorola Solutions by 8.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 189,360 shares of the communications equipment provider’s stock valued at $67,219,000 after acquiring an additional 15,488 shares in the last quarter. First Foundation Advisors lifted its holdings in Motorola Solutions by 37.7% in the first quarter. First Foundation Advisors now owns 354 shares of the communications equipment provider’s stock valued at $126,000 after acquiring an additional 97 shares during the period. Finally, Heritage Wealth Management Inc. purchased a new stake in Motorola Solutions in the 2nd quarter worth approximately $790,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

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.