Credit Suisse Reiterates Their Buy Rating on Motorola Solutions (MSI)

By Carrie Williams

In a report issued on September 6, Sami Badri from Credit Suisse reiterated a Buy rating on Motorola Solutions (MSIResearch Report), with a price target of $189. The company’s shares closed last Monday at $171.67, close to its 52-week high of $182.28.

According to TipRanks.com, Badri is a 2-star analyst with an average return of 0.6% and a 48.1% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Cisco Systems Inc, CommScope Holding, and Arista Networks.

Motorola Solutions has an analyst consensus of Strong Buy, with a price target consensus of $188.57.

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Based on Motorola Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.86 billion and net profit of $207 million. In comparison, last year the company earned revenue of $1.76 billion and had a net profit of $180 million.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSI in relation to earlier this year.

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 Systems Integration. The Products segment offers an extensive portfolio of infrastructure, devices, accessories, and software.