After Northcoast Research and BMO Capital assigned a Buy rating to Motorola Solutions in the last month, the company received another Buy, this time from Credit Suisse. Analyst Sami Badri initiated coverage with a Buy rating on Motorola Solutions (NYSE: MSI) yesterday and set a price target of $129. The company’s shares closed yesterday at $105.78.
Badri said:
“We initiate coverage of Motorola Solutions (MSI) with an Outperform rating and a $129 target price, implying upside potential of 19.6%.”
According to TipRanks.com, Badri is a 1-star analyst with an average return of -3.0% and a 29.2% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Ubiquiti Networks, CommScope Holding, and Juniper Networks.
Currently, the analyst consensus on Motorola Solutions is Strong Buy and the average price target is $125.86, representing a 19.0% upside.
In a report issued on May 4, BMO Capital also maintained a Buy rating on the stock with a $125 price target.
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Based on Motorola Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.47 billion and net profit of $117 million. In comparison, last year the company earned revenue of $1.28 billion and had a net profit of $77 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Gregory Q. Brown, the Chairman & CEO of MSI sold 163,000 shares for a total of $17,780,658.
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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.
