BMO Capital analyst Tim Long maintained a Buy rating on Motorola Solutions (NYSE: MSI) yesterday and set a price target of $134. The company’s shares opened today at $131, close to its 52-week high of $131.48.
According to TipRanks.com, Long is a 5-star analyst with an average return of 22.1% and a 70.2% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and BlackBerry Limited.
Currently, the analyst consensus on Motorola Solutions is a Moderate Buy with an average price target of $138, implying a 5.3% upside from current levels. In a report issued on September 25, Citigroup also maintained a Buy rating on the stock with a $146 price target.
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Based on Motorola Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.76 billion and net profit of $180 million. In comparison, last year the company earned revenue of $1.65 billion and had a net profit of $212 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Last month, Gregory Q. Brown, the Chairman & CEO of MSI sold 204,953 shares for a total of $25,919,548.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Motorola Solutions, Inc. engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the Products and Services segments. The Products segment offers an extensive portfolio of infrastructure, devices, accessories, and software.
