Cowen & Co. analyst Paul Silverstein reiterated a Buy rating on Motorola Solutions (MSI) on February 8 and set a price target of $137. The company’s shares closed yesterday at $134.18, close to its 52-week high of $136.78.
According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 24.9% and a 58.2% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and NeoPhotonics.
Motorola Solutions has an analyst consensus of Strong Buy, with a price target consensus of $141, representing a 5.1% upside. In a report issued on February 8, BMO Capital also reiterated a Buy rating on the stock with a $135 price target.
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Based on Motorola Solutions’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.25 billion and net profit of $423 million. In comparison, last year the company earned revenue of $1.96 billion and had a GAAP net loss of $575 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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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.
