JPMorgan Chase & Co. Boosts Motorola Solutions (NYSE:MSI) Price Target to $400.00

Motorola Solutions (NYSE:MSI - Get Free Report) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $360.00 to $400.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the communications equipment provider's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 14.70% from the stock's current price.

Several other research analysts also recently commented on MSI. StockNews.com upgraded Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Monday, February 12th. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Friday, February 9th. Evercore ISI began coverage on Motorola Solutions in a research report on Monday, March 25th. They set an "outperform" rating and a $400.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a research report on Friday, January 19th. They set a "buy" rating and a $350.00 price target for the company. Finally, Barclays lifted their price target on Motorola Solutions from $333.00 to $352.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $348.38.

Motorola Solutions Stock Performance

MSI traded up $1.29 during trading hours on Thursday, hitting $348.74. The stock had a trading volume of 411,348 shares, compared to its average volume of 620,414. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $355.39. The company's fifty day simple moving average is $337.64 and its 200 day simple moving average is $316.73. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37. The stock has a market cap of $57.93 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 3.25 and a beta of 0.90.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, topping the consensus estimate of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company earned $3.38 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Motorola Solutions will post 11.74 earnings per share for the current year.

Insiders Place Their Bets

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares of the company's stock, valued at approximately $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Motorola Solutions

Several hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd boosted its position in shares of Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider's stock valued at $90,846,000 after purchasing an additional 126,517 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Motorola Solutions by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider's stock valued at $260,204,000 after purchasing an additional 17,807 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its position in shares of Motorola Solutions by 224.3% during the third quarter. Sherbrooke Park Advisers LLC now owns 3,891 shares of the communications equipment provider's stock valued at $1,059,000 after purchasing an additional 2,691 shares in the last quarter. Sei Investments Co. boosted its holdings in Motorola Solutions by 9.8% in the third quarter. Sei Investments Co. now owns 74,767 shares of the communications equipment provider's stock worth $20,353,000 after acquiring an additional 6,671 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Motorola Solutions by 4.2% in the fourth quarter. Diversified Trust Co now owns 4,004 shares of the communications equipment provider's stock worth $1,254,000 after acquiring an additional 162 shares in the last quarter. 84.17% of the stock is owned by hedge funds and other 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.