Zebra Technologies (NASDAQ:ZBRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm presently has a $128.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 3.94% from the company’s previous close.
According to Zacks, “Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, real-time locating solutions etc. worldwide. Its products are primarily used in automatic identification, data collection, and personal identification applications. The company also provides mobile computing and advanced data capture technologies and services, which include rugged and enterprise-grade mobile computers; laser, imaging, and radio frequency identification based data capture products; wireless LAN solutions and software; and applications that are associated with these products and services. In addition, it offers barcode scanners; specialty printers for barcode labeling and personal identification; real-time location systems; and related accessories and supplies, such as self-adhesive labels and other consumables, utilities, and application software. “
ZBRA has been the topic of a number of other reports. Robert W. Baird reiterated a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a report on Friday, November 10th. BidaskClub upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $114.63.
Shares of Zebra Technologies (ZBRA) opened at $123.15 on Friday. Zebra Technologies has a 52-week low of $81.02 and a 52-week high of $123.66. The company has a market cap of $6,550.00, a PE ratio of 216.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. During the same period in the previous year, the firm earned $1.43 EPS. Zebra Technologies’s revenue was up 3.4% on a year-over-year basis. sell-side analysts anticipate that Zebra Technologies will post 6.37 earnings per share for the current fiscal year.
In other news, Director Frank Blaise Modruson purchased 1,540 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the acquisition, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the sale, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ZBRA. Janus Henderson Group PLC acquired a new stake in shares of Zebra Technologies during the second quarter valued at approximately $157,116,000. BlackRock Inc. raised its holdings in shares of Zebra Technologies by 16.8% during the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock valued at $486,381,000 after acquiring an additional 695,821 shares during the period. Vanguard Group Inc. raised its holdings in shares of Zebra Technologies by 10.4% during the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock valued at $456,913,000 after acquiring an additional 428,836 shares during the period. Wells Fargo & Company MN grew its position in Zebra Technologies by 107.7% during the third quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after purchasing an additional 411,035 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Zebra Technologies by 22.0% during the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock valued at $196,784,000 after purchasing an additional 326,583 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
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About Zebra Technologies
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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