In a report issued on November 2, Paul Silverstein from Cowen & Co. reiterated a Buy rating on Motorola Solutions (MSI), with a price target of $134. The company’s shares closed on Friday at $128.84, close to its 52-week high of $131.48.
According to TipRanks.com, Silverstein is a top 100 analyst with an average return of 28.0% and a 65.5% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Extreme Networks.
Currently, the analyst consensus on Motorola Solutions is a Moderate Buy with an average price target of $136.57, implying a 6.0% upside from current levels. In a report issued on October 18, Credit Suisse also upgraded the stock to Buy with a $137 price target.
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Based on Motorola Solutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.86 billion and net profit of $247 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 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, 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.
