BidaskClub upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a sell rating to a hold rating in a research note published on Saturday, January 6th.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Zebra Technologies from a hold rating to a buy rating and set a $123.00 target price on the stock in a report on Thursday, October 12th. Northcoast Research upgraded shares of Zebra Technologies from a neutral rating to a buy rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Zebra Technologies to $132.00 and gave the stock an overweight rating in a report on Tuesday, November 7th. Wellington Shields upgraded shares of Zebra Technologies from a hold rating to a buy rating in a report on Wednesday, November 8th. Finally, Robert W. Baird reaffirmed a buy rating and set a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $114.63.
Zebra Technologies (ZBRA) opened at $121.53 on Friday. The firm has a market cap of $6,460.00, a price-to-earnings ratio of 213.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. Zebra Technologies has a fifty-two week low of $81.02 and a fifty-two week high of $126.49.
Zebra Technologies (NASDAQ:ZBRA) last released its 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 business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. During the same quarter in the previous year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. equities research analysts expect that Zebra Technologies will post 6.37 EPS for the current fiscal year.
In other news, Director Frank Blaise Modruson bought 1,540 shares of Zebra Technologies stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the purchase, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael Cho sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Legal & General Group Plc lifted its stake in shares of Zebra Technologies by 23.6% in the second quarter. Legal & General Group Plc now owns 43,984 shares of the industrial products company’s stock valued at $4,421,000 after purchasing an additional 8,404 shares during the period. Prudential Financial Inc. lifted its stake in shares of Zebra Technologies by 15.6% in the second quarter. Prudential Financial Inc. now owns 153,736 shares of the industrial products company’s stock valued at $15,454,000 after purchasing an additional 20,717 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Zebra Technologies by 3.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 71 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Zebra Technologies by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 225,896 shares of the industrial products company’s stock valued at $22,707,000 after acquiring an additional 9,039 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Zebra Technologies by 1.0% during the 2nd quarter. Swiss National Bank now owns 88,146 shares of the industrial products company’s stock valued at $8,860,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 89.69% 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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