Robert W. Baird reaffirmed their outperform rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a report issued on Wednesday morning, The Fly reports. The brokerage currently has a $235.00 price target on the industrial products company’s stock, down from their prior price target of $245.00.
A number of other brokerages have also weighed in on ZBRA. ValuEngine lowered shares of Zebra Technologies from a hold rating to a sell rating in a research note on Wednesday, October 2nd. BidaskClub downgraded shares of Zebra Technologies from a buy rating to a hold rating in a report on Saturday, August 17th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $189.00 to $205.00 and gave the stock an equal weight rating in a report on Monday, September 16th. Wellington Shields downgraded shares of Zebra Technologies from a gradually accumulate rating to a hold rating in a report on Thursday, July 18th. Finally, Zacks Investment Research downgraded shares of Zebra Technologies from a hold rating to a sell rating in a report on Saturday, July 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $227.00.
Shares of NASDAQ:ZBRA traded up $3.74 during trading on Wednesday, reaching $194.60. The company had a trading volume of 402,920 shares, compared to its average volume of 341,912. The firm’s fifty day moving average is $202.23 and its 200 day moving average is $202.03. The firm has a market capitalization of $10.33 billion, a PE ratio of 17.15 and a beta of 1.62. Zebra Technologies has a twelve month low of $140.95 and a twelve month high of $237.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.32. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.48 EPS. Equities analysts predict that Zebra Technologies will post 12.04 earnings per share for the current fiscal year.
In other news, Director Chirantan Jitendra Desai sold 1,978 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.60, for a total transaction of $408,654.80. Following the sale, the director now owns 5,955 shares in the company, valued at $1,230,303. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Colleen M. O’sullivan sold 1,549 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total transaction of $303,604.00. Following the sale, the chief accounting officer now owns 4,664 shares in the company, valued at approximately $914,144. The disclosure for this sale can be found here. Insiders sold a total of 23,177 shares of company stock worth $4,865,483 over the last quarter. Insiders own 1.77% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies during the second quarter valued at approximately $89,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Zebra Technologies by 16.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 24,527 shares of the industrial products company’s stock valued at $5,138,000 after acquiring an additional 3,510 shares during the period. Gateway Investment Advisers LLC raised its holdings in shares of Zebra Technologies by 5.1% during the second quarter. Gateway Investment Advisers LLC now owns 30,808 shares of the industrial products company’s stock valued at $6,454,000 after acquiring an additional 1,504 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Zebra Technologies during the second quarter valued at approximately $566,000. Finally, Courier Capital LLC raised its holdings in shares of Zebra Technologies by 16.5% during the second quarter. Courier Capital LLC now owns 1,138 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 88.90% 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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