Zebra Technologies (NASDAQ:ZBRA) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, September 14th.
A number of other brokerages also recently weighed in on ZBRA. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 16th. Morgan Stanley raised their price target on shares of Zebra Technologies from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. set a $170.00 price target on shares of Zebra Technologies and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Imperial Capital raised their price target on shares of Zebra Technologies from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Zebra Technologies currently has a consensus rating of “Buy” and a consensus target price of $166.22.
NASDAQ:ZBRA traded down $1.12 on Friday, hitting $157.38. The company had a trading volume of 458,400 shares, compared to its average volume of 383,295. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 24.57 and a beta of 1.59. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.09 and a quick ratio of 0.64. Zebra Technologies has a 52 week low of $101.49 and a 52 week high of $179.47.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $2.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.25. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.09 million. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. During the same quarter in the prior year, the firm earned $1.51 EPS. As a group, analysts expect that Zebra Technologies will post 9.62 EPS for the current year.
In other Zebra Technologies news, SVP Michael H. Terzich sold 3,097 shares of Zebra Technologies stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $162.16, for a total value of $502,209.52. Following the sale, the senior vice president now owns 31,193 shares of the company’s stock, valued at $5,058,256.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 24,916 shares of Zebra Technologies stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the sale, the chief executive officer now directly owns 314,092 shares in the company, valued at approximately $51,244,109.80. The disclosure for this sale can be found here. Insiders have sold 59,538 shares of company stock valued at $9,817,605 over the last quarter. Corporate insiders own 2.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in Zebra Technologies by 3.8% in the second quarter. BlackRock Inc. now owns 4,634,346 shares of the industrial products company’s stock worth $663,870,000 after acquiring an additional 167,854 shares during the period. Wells Fargo & Company MN raised its position in Zebra Technologies by 30.6% in the second quarter. Wells Fargo & Company MN now owns 925,207 shares of the industrial products company’s stock worth $132,535,000 after acquiring an additional 216,621 shares during the period. Franklin Resources Inc. raised its position in Zebra Technologies by 3.2% in the first quarter. Franklin Resources Inc. now owns 766,035 shares of the industrial products company’s stock worth $106,625,000 after acquiring an additional 23,535 shares during the period. Columbus Circle Investors raised its position in Zebra Technologies by 76.3% in the second quarter. Columbus Circle Investors now owns 586,742 shares of the industrial products company’s stock worth $84,051,000 after acquiring an additional 253,867 shares during the period. Finally, Select Equity Group L.P. bought a new stake in Zebra Technologies in the first quarter worth about $72,553,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Company Profile
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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