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

Motorola Solutions (NYSE:MSI) had its price target boosted by Barclays from $467.00 to $529.00 in a report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the communications equipment provider’s stock.

A number of other brokerages have also issued reports on MSI. Jefferies Financial Group boosted their target price on shares of 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 increased their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Evercore ISI increased their price target 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Stock Performance

MSI stock traded up $34.65 during trading on Friday, reaching $504.60. The stock had a trading volume of 1,185,681 shares, compared to its average volume of 636,371. The stock’s 50 day moving average is $454.67 and its two-hundred day moving average is $409.07. The firm has a market cap of $84.19 billion, a PE ratio of 59.11, a PEG ratio of 3.95 and a beta of 0.97. Motorola Solutions has a 52 week low of $305.73 and a 52 week high of $506.72. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 7.03.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. The firm 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%. As a group, equities analysts anticipate that Motorola Solutions will post 12.22 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, September 13th. Motorola Solutions’s payout ratio is currently 45.90%.

Hedge Funds Weigh In On Motorola Solutions

Several hedge funds have recently bought and sold shares of the stock. MFA Wealth Advisors LLC purchased a new position in Motorola Solutions during the second quarter worth about $25,000. Beacon Capital Management LLC boosted its position in shares of Motorola Solutions by 71.8% in the second quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 28 shares during the period. LRI Investments LLC raised its stake in shares of Motorola Solutions by 871.4% during the second quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Crewe Advisors LLC acquired a new stake in Motorola Solutions during the 1st quarter valued at approximately $28,000. Finally, Triad Wealth Partners LLC acquired a new stake in Motorola Solutions in the second quarter valued at $29,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

About Motorola Solutions

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.