Zebra Technologies (NASDAQ:ZBRA) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a research note issued to investors on Friday morning, BidAskClub reports.

A number of other research firms have also commented on ZBRA. Imperial Capital reaffirmed an outperform rating and set a $245.00 price target (up previously from $230.00) on shares of Zebra Technologies in a research report on Thursday. ValuEngine raised Zebra Technologies from a hold rating to a buy rating in a research report on Wednesday. Zacks Investment Research lowered Zebra Technologies from a hold rating to a sell rating in a research report on Saturday, July 20th. Finally, Wellington Shields lowered Zebra Technologies from a gradually accumulate rating to a hold rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $217.25.

NASDAQ:ZBRA traded down $5.33 during mid-day trading on Friday, hitting $198.93. The company had a trading volume of 365,216 shares, compared to its average volume of 708,614. Zebra Technologies has a fifty-two week low of $140.28 and a fifty-two week high of $237.15. The company has a fifty day moving average price of $200.24. The company has a current ratio of 0.99, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 19.45 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.32. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. Zebra Technologies’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 earnings per share. As a group, research analysts anticipate that Zebra Technologies will post 11.81 earnings per share for the current year.

In related news, CEO Anders Gustafsson sold 20,000 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $200.45, for a total value of $4,009,000.00. Following the sale, the chief executive officer now owns 303,533 shares of the company’s stock, valued at approximately $60,843,189.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Olivier Leonetti sold 3,500 shares of Zebra Technologies stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $195.00, for a total value of $682,500.00. Following the completion of the sale, the chief financial officer now directly owns 22,387 shares in the company, valued at approximately $4,365,465. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,504 shares of company stock worth $9,016,997. 1.77% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in ZBRA. Comerica Securities Inc. increased its holdings in Zebra Technologies by 13.0% during the 4th quarter. Comerica Securities Inc. now owns 1,437 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 165 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Zebra Technologies during the 4th quarter valued at about $214,000. Geode Capital Management LLC increased its holdings in Zebra Technologies by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 623,963 shares of the industrial products company’s stock valued at $99,353,000 after acquiring an additional 68,355 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Zebra Technologies by 5.9% during the 4th quarter. Macquarie Group Ltd. now owns 53,819 shares of the industrial products company’s stock valued at $8,570,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Zebra Technologies by 33.3% during the 4th quarter. Advisory Services Network LLC now owns 316 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 79 shares in the last quarter. 86.92% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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