Zacks Investment Research reiterated their hold rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a research report released on Saturday morning, Zacks.com reports. The firm currently has a $225.00 price objective on the industrial products company’s stock.
According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “
ZBRA has been the topic of several other reports. ValuEngine lowered Zebra Technologies from a buy rating to a hold rating in a research report on Monday, May 13th. Berenberg Bank initiated coverage on Zebra Technologies in a research report on Thursday, March 7th. They issued a buy rating and a $250.00 target price on the stock. JPMorgan Chase & Co. raised Zebra Technologies to an overweight rating and upped their target price for the stock from $212.00 to $225.00 in a research report on Friday, March 15th. Needham & Company LLC reaffirmed a buy rating and issued a $225.00 target price (up from $215.00) on shares of Zebra Technologies in a research report on Thursday, March 7th. Finally, BidaskClub lowered Zebra Technologies from a hold rating to a sell rating in a research report on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $215.00.
Shares of Zebra Technologies stock opened at $197.53 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 19.31 and a beta of 1.53. The company has a fifty day moving average price of $186.03. Zebra Technologies has a fifty-two week low of $136.16 and a fifty-two week high of $237.15.
Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. Zebra Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 earnings per share. As a group, equities research analysts expect that Zebra Technologies will post 11.82 EPS for the current year.
In related news, CEO Anders Gustafsson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $200.45, for a total transaction of $4,009,000.00. Following the completion of the sale, the chief executive officer now owns 303,533 shares in the company, valued at approximately $60,843,189.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Olivier Leonetti sold 3,500 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $195.00, for a total value of $682,500.00. Following the sale, the chief financial officer now owns 22,387 shares of the company’s stock, valued at approximately $4,365,465. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,504 shares of company stock valued at $9,016,997. 1.77% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc boosted its stake in Zebra Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after purchasing an additional 263,478 shares during the period. BlackRock Inc. boosted its stake in Zebra Technologies by 1.0% during the 1st quarter. BlackRock Inc. now owns 4,901,533 shares of the industrial products company’s stock valued at $1,027,018,000 after purchasing an additional 50,197 shares during the period. FMR LLC boosted its stake in Zebra Technologies by 34.3% during the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after purchasing an additional 829,462 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Zebra Technologies by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,307,834 shares of the industrial products company’s stock worth $208,246,000 after acquiring an additional 45,303 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies by 14.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,119,049 shares of the industrial products company’s stock worth $234,475,000 after acquiring an additional 138,669 shares during the period. Hedge funds and other institutional investors own 87.32% 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.
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