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. “
Several other research analysts also recently weighed in on ZBRA. Wellington Shields downgraded Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Imperial Capital began coverage on SUNDANCE ENERGY/S in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $6.00 price target for the company. Finally, BidaskClub downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $215.38.
ZBRA stock opened at $182.15 on Friday. Zebra Technologies has a 1-year low of $136.16 and a 1-year high of $237.15. The company has a quick ratio of 0.55, a current ratio of 1.00 and a debt-to-equity ratio of 1.09. The company has a market cap of $9.83 billion, a P/E ratio of 17.81 and a beta of 1.61. The business has a 50 day simple moving average of $197.19.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted $2.56 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Zebra Technologies will post 11.81 EPS for the current fiscal year.
In other news, CFO Olivier Leonetti sold 3,810 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $201.09, for a total transaction of $766,152.90. Following the completion of the transaction, the chief financial officer now directly owns 18,887 shares in the company, valued at approximately $3,797,986.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anders Gustafsson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $200.45, for a total value of $4,009,000.00. Following the transaction, the chief executive officer now owns 303,533 shares of the company’s stock, valued at $60,843,189.85. The disclosure for this sale can be found here. Insiders have sold a total of 45,504 shares of company stock valued at $9,016,997 over the last quarter. Corporate insiders own 1.77% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY lifted its position in Zebra Technologies by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock worth $2,889,000 after buying an additional 54 shares during the last quarter. Norges Bank bought a new stake in Zebra Technologies in the fourth quarter worth $83,320,000. Public Employees Retirement System of Ohio increased its stake in Zebra Technologies by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 313,960 shares of the industrial products company’s stock worth $49,992,000 after purchasing an additional 8,487 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Zebra Technologies in the first quarter worth $214,000. Finally, Psagot Investment House Ltd. increased its stake in Zebra Technologies by 2.5% in the first quarter. Psagot Investment House Ltd. now owns 19,780 shares of the industrial products company’s stock worth $4,145,000 after purchasing an additional 491 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.
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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