BidaskClub Downgrades Zebra Technologies (NASDAQ:ZBRA) to Hold

BidaskClub lowered shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a research note released on Saturday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. Imperial Capital dropped their price target on shares of Zebra Technologies from $265.00 to $250.00 and set an outperform rating for the company in a research report on Monday, May 4th. Morgan Stanley lifted their target price on shares of Zebra Technologies from $203.00 to $217.00 and gave the company an equal weight rating in a report on Wednesday, April 29th. Needham & Company LLC began coverage on Zebra Technologies in a research note on Tuesday, April 28th. They set a buy rating and a $250.00 price target on the stock. Robert W. Baird lifted their price objective on Zebra Technologies from $202.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, April 29th. Finally, Northcoast Research downgraded Zebra Technologies from a buy rating to a neutral rating and set a $240.00 price objective on the stock. in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Zebra Technologies presently has a consensus rating of Hold and a consensus target price of $238.14.

ZBRA opened at $252.05 on Friday. The stock has a market capitalization of $13.04 billion, a PE ratio of 26.53 and a beta of 1.67. Zebra Technologies has a one year low of $150.06 and a one year high of $278.60. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.49 and a current ratio of 0.85. The business’s 50 day moving average price is $252.64 and its 200 day moving average price is $232.44.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.67 EPS for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a return on equity of 38.08% and a net margin of 11.59%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.92 earnings per share. As a group, equities research analysts forecast that Zebra Technologies will post 9.59 earnings per share for the current fiscal year.

In other news, CAO Colleen M. O’sullivan sold 3,628 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $258.48, for a total value of $937,765.44. Following the sale, the chief accounting officer now directly owns 2,801 shares in the company, valued at approximately $724,002.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Olivier Leonetti sold 3,134 shares of Zebra Technologies stock in a transaction on Monday, May 11th. The stock was sold at an average price of $237.05, for a total transaction of $742,914.70. Following the sale, the chief financial officer now directly owns 22,319 shares of the company’s stock, valued at $5,290,718.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,588 shares of company stock worth $6,617,390. 2.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. Victory Capital Management Inc. lifted its position in shares of Zebra Technologies by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 57,257 shares of the industrial products company’s stock worth $14,626,000 after buying an additional 577 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Zebra Technologies in the fourth quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in Zebra Technologies in the fourth quarter valued at $173,000. Mackay Shields LLC grew its holdings in shares of Zebra Technologies by 731.6% during the fourth quarter. Mackay Shields LLC now owns 8,067 shares of the industrial products company’s stock worth $2,060,000 after purchasing an additional 7,097 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Zebra Technologies by 26.1% during the fourth quarter. KBC Group NV now owns 9,094 shares of the industrial products company’s stock worth $2,323,000 after purchasing an additional 1,883 shares in the last quarter. Institutional investors and hedge funds own 87.56% of the company’s stock.

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.

Further Reading: Trade Deficit

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.