ValuEngine upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a report released on Friday morning.
Several other equities analysts also recently weighed in on ZBRA. Zacks Investment Research upgraded Zebra Technologies from a hold rating to a buy rating and set a $123.00 target price on the stock in a research report on Thursday, October 12th. Northcoast Research upgraded Zebra Technologies from a neutral rating to a buy rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. increased their target price on Zebra Technologies to $132.00 and gave the stock an overweight rating in a research report on Tuesday, November 7th. Wellington Shields upgraded Zebra Technologies from a hold rating to a buy rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird reiterated a buy rating and set a $125.00 target price on shares of Zebra Technologies in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $115.88.
Shares of Zebra Technologies (ZBRA) opened at $117.02 on Friday. Zebra Technologies has a 52 week low of $82.43 and a 52 week high of $126.49. The company has a market capitalization of $6,220.00, a price-to-earnings ratio of 205.30, a P/E/G ratio of 2.17 and a beta of 1.67. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. During the same period in the prior year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts expect that Zebra Technologies will post 6.37 EPS for the current year.
In other news, Director Frank Blaise Modruson acquired 1,540 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the acquisition, the director now directly owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael Cho sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the transaction, the senior vice president now owns 10,426 shares in the company, valued at $1,148,423.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of Zebra Technologies by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Zebra Technologies by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 179 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Zebra Technologies by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,790 shares of the industrial products company’s stock worth $1,587,000 after purchasing an additional 203 shares during the period. Voya Investment Management LLC raised its holdings in shares of Zebra Technologies by 1.4% in the 2nd quarter. Voya Investment Management LLC now owns 20,159 shares of the industrial products company’s stock worth $2,026,000 after purchasing an additional 281 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Zebra Technologies by 0.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 70,916 shares of the industrial products company’s stock worth $7,700,000 after purchasing an additional 440 shares during the period. Institutional investors own 89.73% of the company’s stock.
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Zebra Technologies Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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