Zebra Technologies (NASDAQ:ZBRA) had its target price increased by Morgan Stanley from $189.00 to $205.00 in a report published on Monday morning, AnalystRatings.com reports. Morgan Stanley currently has an equal weight rating on the industrial products company’s stock.
ZBRA has been the topic of several other research reports. Atlantic Securities initiated coverage on Zebra Technologies in a research note on Tuesday, August 27th. They issued an overweight rating and a $230.00 target price on the stock. BidaskClub lowered Zebra Technologies from a buy rating to a hold rating in a research note on Saturday, August 17th. Wellington Shields lowered Zebra Technologies from a gradually accumulate rating to a hold rating in a research note on Thursday, July 18th. Imperial Capital reiterated an outperform rating and issued a $245.00 target price (up previously from $230.00) on shares of Zebra Technologies in a research note on Thursday, August 1st. Finally, ValuEngine upgraded Zebra Technologies from a hold rating to a buy rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Zebra Technologies has an average rating of Buy and an average price target of $223.67.
Shares of Zebra Technologies stock opened at $209.20 on Monday. The firm has a market cap of $11.10 billion, a P/E ratio of 20.45 and a beta of 1.65. 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 has a 12 month low of $140.95 and a 12 month high of $237.15. The stock’s fifty day moving average price is $203.35 and its 200-day moving average price is $202.63.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.70 by $0.32. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 earnings per share. Analysts forecast that Zebra Technologies will post 12.1 earnings per share for the current year.
In other Zebra Technologies news, CEO Anders Gustafsson sold 19,650 shares of Zebra Technologies stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $211.36, for a total value of $4,153,224.00. Following the transaction, the chief executive officer now owns 283,533 shares in the company, valued at $59,927,534.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chirantan Jitendra Desai sold 1,978 shares of Zebra Technologies stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.60, for a total value of $408,654.80. Following the completion of the transaction, the director now owns 5,955 shares in the company, valued at approximately $1,230,303. The disclosure for this sale can be found here. Insiders sold 23,177 shares of company stock worth $4,865,483 in the last quarter. 1.77% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Shamrock Asset Management LLC acquired a new stake in Zebra Technologies in the second quarter worth about $35,000. Bessemer Group Inc. boosted its holdings in Zebra Technologies by 451.5% in the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Zebra Technologies in the second quarter worth about $89,000. AdvisorNet Financial Inc boosted its holdings in Zebra Technologies by 58.1% in the second quarter. AdvisorNet Financial Inc now owns 427 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 157 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Zebra Technologies in the first quarter worth about $90,000. 88.90% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Company Profile
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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