Northcoast Research set a $200.00 price objective on Zebra Technologies (NASDAQ:ZBRA) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the industrial products company’s stock.
A number of other research analysts have also recently weighed in on ZBRA. Zacks Investment Research cut Zebra Technologies from a hold rating to a strong sell rating in a research report on Saturday, October 13th. BidaskClub cut Zebra Technologies from a buy rating to a hold rating in a research report on Friday, June 22nd. Needham & Company LLC lifted their price objective on Zebra Technologies from $165.00 to $175.00 and gave the company a buy rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Zebra Technologies from $135.00 to $160.00 and gave the company an equal weight rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. set a $170.00 price objective on Zebra Technologies and gave the company a buy rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $166.22.
Shares of NASDAQ:ZBRA opened at $164.95 on Tuesday. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 19.89 and a beta of 1.59. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 1.09. Zebra Technologies has a 52-week low of $101.49 and a 52-week high of $179.47.
Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.25. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $990.09 million. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. During the same period last year, the firm posted $1.51 earnings per share. As a group, equities analysts anticipate that Zebra Technologies will post 9.62 EPS for the current year.
In related news, CEO Anders Gustafsson sold 24,916 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $163.15, for a total value of $4,065,045.40. Following the transaction, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at approximately $51,244,109.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael H. Terzich sold 3,097 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $162.16, for a total value of $502,209.52. Following the completion of the transaction, the senior vice president now directly owns 31,193 shares in the company, valued at $5,058,256.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,538 shares of company stock worth $9,817,605. Insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ZBRA. Psagot Investment House Ltd. purchased a new position in Zebra Technologies in the 2nd quarter worth approximately $129,000. Reilly Financial Advisors LLC purchased a new position in Zebra Technologies in the 3rd quarter worth approximately $142,000. Synovus Financial Corp purchased a new position in Zebra Technologies in the 2nd quarter worth approximately $148,000. Moneta Group Investment Advisors LLC purchased a new position in Zebra Technologies in the 2nd quarter worth approximately $158,000. Finally, Cerebellum GP LLC purchased a new position in Zebra Technologies in the 2nd quarter worth approximately $172,000. 86.70% of the stock is currently owned by institutional investors.
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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