Motorola Solutions Inc (MSI) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Motorola Solutions Inc. Company shares were Reiterated by MKM Partners on Feb 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 74 from a previous price target of $70 .Company shares were Reiterated by Argus on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $79 .Motorola Solutions Inc was Upgraded by Macquarie to ” Neutral” on Feb 24, 2016.
On the company’s financial health, Motorola Solutions Inc reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $1.46. The company had revenue of $1682.00 million for the quarter, compared to analysts expectations of $1690.34 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.
Motorola Solutions Inc opened for trading at $75.47 and hit $76.03 on the upside on Monday, eventually ending the session at $76, with a gain of 1.08% or 0.81 points. The heightened volatility saw the trading volume jump to 10,22,369 shares. Company has a market cap of $13,250 M.
In a different news, on Apr 4, 2016, Greg Mondre (director) purchased 50 shares at $63.90 per share price. According to the SEC, on Mar 16, 2016, Mark S. Hacker (EVP, GC & Chief Admin Officer) sold 4,894 shares at $71.32 per share price. On Nov 9, 2015, Bruce W Brda (EVP, Systems & Products) sold 10,657 shares at $67.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.