Zebra Technologies (ZBRA) Price Target Raised to $195.00

Zebra Technologies (NASDAQ:ZBRA) had its price target upped by research analysts at Imperial Capital from $190.00 to $195.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Imperial Capital’s price target indicates a potential upside of 7.44% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Northcoast Research set a $200.00 price target on shares of Zebra Technologies and gave the company a “buy” rating in a research report on Tuesday, October 16th. Wellington Shields cut shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Friday, September 14th. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Finally, Zacks Investment Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Zebra Technologies currently has a consensus rating of “Buy” and a consensus target price of $168.33.

Shares of ZBRA traded down $0.98 during trading on Thursday, reaching $181.50. 421,109 shares of the company traded hands, compared to its average volume of 547,206. Zebra Technologies has a twelve month low of $101.49 and a twelve month high of $184.75. The stock has a market cap of $9.68 billion, a PE ratio of 28.36 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.87 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Zebra Technologies will post 9.62 earnings per share for the current fiscal year.

In related news, CEO Anders Gustafsson sold 24,916 shares of Zebra Technologies stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $163.15, for a total value of $4,065,045.40. Following the completion of the transaction, the chief executive officer now owns 314,092 shares in the company, valued at $51,244,109.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hugh K. Gagnier sold 8,409 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $168.89, for a total transaction of $1,420,196.01. Following the completion of the transaction, the senior vice president now owns 14,682 shares of the company’s stock, valued at approximately $2,479,642.98. The disclosure for this sale can be found here. Insiders sold 53,835 shares of company stock valued at $8,892,693 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Zebra Technologies by 3.4% in the third quarter. BlackRock Inc. now owns 4,789,918 shares of the industrial products company’s stock valued at $847,002,000 after purchasing an additional 155,572 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Zebra Technologies by 65.0% in the third quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock valued at $269,919,000 after purchasing an additional 601,225 shares in the last quarter. FMR LLC grew its holdings in shares of Zebra Technologies by 208.6% in the third quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after purchasing an additional 472,441 shares in the last quarter. Columbus Circle Investors grew its holdings in shares of Zebra Technologies by 14.7% in the third quarter. Columbus Circle Investors now owns 673,074 shares of the industrial products company’s stock valued at $119,020,000 after purchasing an additional 86,332 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Zebra Technologies by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 503,734 shares of the industrial products company’s stock valued at $72,160,000 after purchasing an additional 6,229 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

See Also: Outstanding Shares

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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