Zebra Technologies (NASDAQ:ZBRA) Receives “Outperform” Rating from Robert W. Baird

Robert W. Baird reiterated their outperform rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a report published on Wednesday, The Fly reports. Robert W. Baird currently has a $235.00 price target on the industrial products company’s stock, down from their previous price target of $245.00.

Several other equities analysts have also weighed in on ZBRA. BidaskClub lowered shares of Zebra Technologies from a buy rating to a hold rating in a report on Saturday, August 17th. ValuEngine lowered shares of Zebra Technologies from a hold rating to a sell rating in a report on Wednesday, October 2nd. Imperial Capital restated an outperform rating and set a $245.00 target price (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Atlantic Securities initiated coverage on shares of Zebra Technologies in a report on Tuesday, August 27th. They set an overweight rating and a $230.00 target price on the stock. Finally, Wellington Shields lowered shares of Zebra Technologies from a gradually accumulate rating to a hold rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Zebra Technologies currently has an average rating of Hold and an average price target of $227.00.

Shares of ZBRA traded up $3.74 during mid-day trading on Wednesday, reaching $194.60. The company had a trading volume of 402,920 shares, compared to its average volume of 341,912. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 17.15 and a beta of 1.62. The firm has a fifty day simple moving average of $202.23 and a 200-day simple moving average of $202.03. Zebra Technologies has a fifty-two week low of $140.95 and a fifty-two week high of $237.15. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.32. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 EPS. As a group, equities analysts predict that Zebra Technologies will post 12.04 EPS for the current fiscal year.

In related news, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total transaction of $303,604.00. Following the sale, the chief accounting officer now owns 4,664 shares of the company’s stock, valued at approximately $914,144. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anders Gustafsson sold 19,650 shares of Zebra Technologies stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $211.36, for a total transaction of $4,153,224.00. Following the sale, the chief executive officer now directly owns 283,533 shares in the company, valued at approximately $59,927,534.88. The disclosure for this sale can be found here. Insiders have sold a total of 23,177 shares of company stock worth $4,865,483 in the last ninety days. 1.77% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Zebra Technologies during the 2nd quarter worth $89,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Zebra Technologies by 16.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 24,527 shares of the industrial products company’s stock worth $5,138,000 after purchasing an additional 3,510 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Zebra Technologies by 5.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 30,808 shares of the industrial products company’s stock worth $6,454,000 after purchasing an additional 1,504 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Zebra Technologies in the 2nd quarter worth about $566,000. Finally, Courier Capital LLC increased its position in shares of Zebra Technologies by 16.5% in the 2nd quarter. Courier Capital LLC now owns 1,138 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 161 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

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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