Zebra Technologies (NASDAQ:ZBRA) had its price objective lifted by Needham & Company LLC from $295.00 to $302.00 in a research report released on Wednesday, BenzingaRatingsTable reports. The firm currently has a buy rating on the industrial products company’s stock.
A number of other brokerages have also recently issued reports on ZBRA. JPMorgan Chase & Co. cut Zebra Technologies from an overweight rating to a neutral rating and upped their target price for the stock from $245.00 to $250.00 in a report on Thursday, April 30th. They noted that the move was a valuation call. Northcoast Research cut Zebra Technologies from a buy rating to a neutral rating and set a $240.00 target price for the company. in a report on Thursday, April 30th. BidaskClub raised Zebra Technologies from a hold rating to a buy rating in a research note on Tuesday, July 21st. Morgan Stanley increased their price target on Zebra Technologies from $217.00 to $240.00 and gave the company an equal weight rating in a research note on Thursday, July 23rd. Finally, Robert W. Baird increased their price target on Zebra Technologies from $202.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Zebra Technologies has a consensus rating of Hold and a consensus price target of $248.86.
Shares of ZBRA opened at $280.75 on Wednesday. Zebra Technologies has a 12-month low of $150.06 and a 12-month high of $287.83. The business has a 50-day simple moving average of $262.28 and a two-hundred day simple moving average of $234.08. The company has a quick ratio of 0.49, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. The stock has a market cap of $14.91 billion, a PE ratio of 30.89 and a beta of 1.67.
Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.13. Zebra Technologies had a return on equity of 34.83% and a net margin of 11.41%. The business had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $939.97 million. During the same quarter in the prior year, the firm earned $3.02 EPS. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. On average, equities research analysts expect that Zebra Technologies will post 9.59 EPS for the current year.
In related news, SVP Stephen Edgar Williams sold 572 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $223.14, for a total transaction of $127,636.08. Following the completion of the sale, the senior vice president now owns 5,377 shares of the company’s stock, valued at $1,199,823.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Keyser sold 3,502 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $272.57, for a total value of $954,540.14. Following the sale, the director now directly owns 13,756 shares of the company’s stock, valued at approximately $3,749,472.92. The disclosure for this sale can be found here. Insiders have sold 26,588 shares of company stock valued at $6,617,390 in the last ninety days. 2.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Point72 Hong Kong Ltd acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $31,000. Standard Life Aberdeen plc boosted its holdings in Zebra Technologies by 435.9% in the fourth quarter. Standard Life Aberdeen plc now owns 16,505 shares of the industrial products company’s stock worth $4,216,000 after acquiring an additional 13,425 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Zebra Technologies in the fourth quarter worth approximately $14,879,000. Verus Capital Partners LLC bought a new position in Zebra Technologies in the fourth quarter worth approximately $134,000. Finally, Macquarie Group Ltd. boosted its holdings in Zebra Technologies by 9,168.6% in the fourth quarter. Macquarie Group Ltd. now owns 113,262 shares of the industrial products company’s stock worth $28,931,000 after acquiring an additional 112,040 shares in the last quarter. 87.52% of the stock is 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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