Motorola Solutions (NYSE:MSI) Given New $530.00 Price Target at Deutsche Bank Aktiengesellschaft

Motorola Solutions (NYSE:MSI) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from $440.00 to $530.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 5.78% from the stock’s previous close.

Several other analysts also recently commented on the stock. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Raymond James upped their price objective on shares of Motorola Solutions from $425.00 to $515.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays upped their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America upped their price objective on shares of Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $506.29.

Motorola Solutions Stock Up 0.9 %

MSI stock opened at $501.03 on Tuesday. The company has a fifty day moving average price of $469.15 and a 200 day moving average price of $422.68. Motorola Solutions has a 12 month low of $307.09 and a 12 month high of $507.82. The company has a market cap of $83.73 billion, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 3.88 and a beta of 0.97. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.10 by $0.36. Motorola Solutions had a net margin of 14.65% and a return on equity of 251.96%. 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 12.48 earnings per share for the current year.

Hedge Funds Weigh In On Motorola Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tradition Wealth Management LLC grew its stake in shares of Motorola Solutions by 3.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 654 shares of the communications equipment provider’s stock worth $294,000 after purchasing an additional 21 shares during the period. Fidelis Capital Partners LLC grew its stake in shares of Motorola Solutions by 1.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 2,223 shares of the communications equipment provider’s stock worth $1,038,000 after purchasing an additional 22 shares during the period. Omnia Family Wealth LLC grew its stake in shares of Motorola Solutions by 2.2% during the 3rd quarter. Omnia Family Wealth LLC now owns 1,170 shares of the communications equipment provider’s stock worth $527,000 after purchasing an additional 25 shares during the period. Harbour Investments Inc. grew its stake in shares of Motorola Solutions by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 1,287 shares of the communications equipment provider’s stock worth $578,000 after purchasing an additional 26 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in Motorola Solutions by 0.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,989 shares of the communications equipment provider’s stock valued at $1,343,000 after acquiring an additional 26 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

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.