Nomura Securities Maintains a 'Neutral' on Motorola Solutions (MSI); Strong 1Q That Was Partially Tempered
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Price: $466.51 +0.32%
Rating Summary:
23 Buy, 7 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Motorola Solutions Inc. (NYSE: MSI).
Nomura analyst says, "Reported a strong 1Q that was partially tempered by modest guidance. As margins recover and normalize, we think near-term earnings have scope for material surprises; however, we think the scope for long-term earnings upgrades remains limited. We now forecast that up to 75% of MSI’s cash is excess and could ultimately be distributed to shareholders—and this is already reflected in our px tgt. The increase in our px tgt to $47 from $39 reflects a market multiple on earnings with 75% of net cash added; a balance between returns on capital and the cost of capital; and sustained 19% margins long-term in a DCF."
For more ratings news on Motorola Solutions Inc. click here and for the rating history of Motorola Solutions Inc. click here.
Shares of Motorola Solutions Inc. closed at $46.66 yesterday.
Nomura analyst says, "Reported a strong 1Q that was partially tempered by modest guidance. As margins recover and normalize, we think near-term earnings have scope for material surprises; however, we think the scope for long-term earnings upgrades remains limited. We now forecast that up to 75% of MSI’s cash is excess and could ultimately be distributed to shareholders—and this is already reflected in our px tgt. The increase in our px tgt to $47 from $39 reflects a market multiple on earnings with 75% of net cash added; a balance between returns on capital and the cost of capital; and sustained 19% margins long-term in a DCF."
For more ratings news on Motorola Solutions Inc. click here and for the rating history of Motorola Solutions Inc. click here.
Shares of Motorola Solutions Inc. closed at $46.66 yesterday.
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