Zebra Technologies (NASDAQ:ZBRA) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $248.14.
A number of research firms have weighed in on ZBRA. Needham & Company LLC upped their price target on Zebra Technologies from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley cut Zebra Technologies from an “equal weight” rating to an “underweight” rating and set a $217.00 price target for the company. in a report on Wednesday, January 8th. Robert W. Baird upped their price target on Zebra Technologies from $235.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. cut Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $250.00 price target for the company. in a report on Tuesday, November 5th.
Shares of NASDAQ:ZBRA traded down $1.19 during trading on Friday, reaching $252.74. 384,830 shares of the stock were exchanged, compared to its average volume of 449,240. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 0.94. Zebra Technologies has a 12-month low of $166.15 and a 12-month high of $260.40. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 24.71 and a beta of 1.65. The firm’s 50-day moving average price is $253.59 and its 200 day moving average price is $221.17.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.15. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Zebra Technologies had a return on equity of 42.17% and a net margin of 11.06%. Zebra Technologies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. As a group, equities research analysts forecast that Zebra Technologies will post 12.16 EPS for the current year.
In related news, Director Andrew K. Ludwick sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $237.01, for a total transaction of $118,505.00. Following the sale, the director now directly owns 2,005 shares of the company’s stock, valued at approximately $475,205.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Edgar Williams sold 775 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $256.65, for a total value of $198,903.75. Following the sale, the senior vice president now directly owns 5,005 shares in the company, valued at $1,284,533.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,960 shares of company stock worth $15,344,318. 1.77% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ZBRA. APG Asset Management N.V. raised its position in shares of Zebra Technologies by 491.7% during the 2nd quarter. APG Asset Management N.V. now owns 687,000 shares of the industrial products company’s stock valued at $126,378,000 after acquiring an additional 570,900 shares in the last quarter. BlackRock Inc. lifted its position in shares of Zebra Technologies by 7.6% during the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock worth $1,104,785,000 after buying an additional 372,156 shares during the period. Invesco Ltd. lifted its position in shares of Zebra Technologies by 81.9% during the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock worth $151,413,000 after buying an additional 325,532 shares during the period. Marshall Wace North America L.P. lifted its position in shares of Zebra Technologies by 1,547.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 297,502 shares of the industrial products company’s stock worth $62,323,000 after buying an additional 279,447 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $54,872,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.
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.
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