Zebra Technologies (NASDAQ:ZBRA) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.
Several other equities analysts have also recently weighed in on the company. Northcoast Research raised Zebra Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Zebra Technologies in a report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Zebra Technologies presently has an average rating of “Buy” and an average target price of $114.88.
Zebra Technologies (NASDAQ:ZBRA) opened at $123.15 on Friday. The firm has a market capitalization of $6,550.00, a price-to-earnings ratio of 216.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. Zebra Technologies has a fifty-two week low of $81.02 and a fifty-two week high of $123.66.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. equities research analysts anticipate that Zebra Technologies will post 6.37 earnings per share for the current fiscal year.
In other news, Director Frank Blaise Modruson acquired 1,540 shares of Zebra Technologies stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the transaction, the director now directly owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the sale, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in Zebra Technologies by 16.8% during the 2nd quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after acquiring an additional 695,821 shares during the last quarter. Vanguard Group Inc. grew its position in Zebra Technologies by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after acquiring an additional 428,836 shares during the last quarter. Bank of New York Mellon Corp grew its position in Zebra Technologies by 22.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock worth $196,784,000 after acquiring an additional 326,583 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Zebra Technologies during the 2nd quarter worth $157,116,000. Finally, State Street Corp grew its position in Zebra Technologies by 1.4% during the 2nd quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after acquiring an additional 18,299 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
Zebra Technologies Company Profile
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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