Zacks Investment Research upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a research report released on Saturday morning. The firm currently has $128.00 price objective on the industrial products company’s stock.
According to Zacks, “Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, real-time locating solutions etc. worldwide. Its products are primarily used in automatic identification, data collection, and personal identification applications. The company also provides mobile computing and advanced data capture technologies and services, which include rugged and enterprise-grade mobile computers; laser, imaging, and radio frequency identification based data capture products; wireless LAN solutions and software; and applications that are associated with these products and services. In addition, it offers barcode scanners; specialty printers for barcode labeling and personal identification; real-time location systems; and related accessories and supplies, such as self-adhesive labels and other consumables, utilities, and application software. “
A number of other equities research analysts have also issued reports on ZBRA. Northcoast Research raised Zebra Technologies from a neutral rating to a buy rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. boosted their target price on Zebra Technologies to $132.00 and gave the stock an overweight rating in a research report on Tuesday, November 7th. Wellington Shields raised Zebra Technologies from a hold rating to a buy rating in a research report on Wednesday, November 8th. Robert W. Baird reaffirmed a buy rating and set a $125.00 target price on shares of Zebra Technologies in a research report on Friday, November 10th. Finally, Imperial Capital raised Zebra Technologies from an in-line rating to an outperform rating and boosted their target price for the stock from $95.00 to $120.00 in a research report on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $114.63.
Shares of Zebra Technologies (NASDAQ:ZBRA) traded up $1.98 during trading on Friday, hitting $123.15. The stock had a trading volume of 420,802 shares, compared to its average volume of 281,899. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. The firm has a market capitalization of $6,550.23, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. Zebra Technologies has a twelve month low of $81.02 and a twelve month 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 business had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. equities research analysts expect that Zebra Technologies will post 6.37 EPS for the current year.
In other Zebra Technologies news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $103.88 per share, with a total value of $159,975.20. Following the completion of the transaction, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its position in Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after buying an additional 13 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Zebra Technologies by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares during the period. PNC Financial Services Group Inc. raised its position in Zebra Technologies by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock valued at $626,000 after buying an additional 179 shares during the period. Ameritas Investment Partners Inc. raised its position in Zebra Technologies by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 15,790 shares of the industrial products company’s stock valued at $1,587,000 after buying an additional 203 shares during the period. Finally, Voya Investment Management LLC raised its position in Zebra Technologies by 1.4% during the second quarter. Voya Investment Management LLC now owns 20,159 shares of the industrial products company’s stock valued at $2,026,000 after buying an additional 281 shares during the period. 89.64% of the stock is currently owned by hedge funds and other institutional investors.
About Zebra Technologies
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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