Zebra Technologies (NASDAQ:ZBRA) has been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $147.78.
ZBRA has been the subject of several analyst reports. ValuEngine cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Saturday, January 13th. Needham & Company LLC increased their price target on shares of Zebra Technologies to $147.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $125.00 price target (up from $108.00) on shares of Zebra Technologies in a report on Friday, February 23rd.
In other Zebra Technologies news, Director Ross W. Manire sold 2,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $135.17, for a total transaction of $270,340.00. Following the transaction, the director now directly owns 27,432 shares in the company, valued at $3,707,983.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anders Gustafsson sold 42,557 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $141.26, for a total transaction of $6,011,601.82. Following the transaction, the chief executive officer now owns 311,338 shares in the company, valued at $43,979,605.88. The disclosure for this sale can be found here. Insiders have sold 56,780 shares of company stock worth $8,029,513 over the last 90 days. 2.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Greenleaf Trust grew its position in Zebra Technologies by 98.0% during the fourth quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock worth $104,000 after buying an additional 495 shares during the period. Optimum Investment Advisors acquired a new position in Zebra Technologies during the first quarter worth about $151,000. DekaBank Deutsche Girozentrale acquired a new position in Zebra Technologies during the first quarter worth about $177,000. Zions Bancorporation acquired a new position in Zebra Technologies during the third quarter worth about $180,000. Finally, LaSalle Street Capital Management LLC acquired a new position in Zebra Technologies during the first quarter worth about $200,000. Institutional investors own 89.20% of the company’s stock.
Shares of NASDAQ:ZBRA traded up $3.52 on Friday, reaching $153.09. The company’s stock had a trading volume of 18,833 shares, compared to its average volume of 366,091. Zebra Technologies has a 52-week low of $150.35 and a 52-week high of $154.53. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.61 and a current ratio of 1.13. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.35 and a beta of 1.47.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.51. The firm had revenue of $977.00 million during the quarter, compared to analysts’ expectations of $935.85 million. Zebra Technologies had a net margin of 3.08% and a return on equity of 47.70%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. research analysts forecast that Zebra Technologies will post 8.68 EPS for the current fiscal year.
About Zebra Technologies
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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