Zebra Technologies Corporation (ZBRA) Rating Lowered to Hold at BidaskClub

BidaskClub cut shares of Zebra Technologies Corporation (NASDAQ:ZBRA) from a buy rating to a hold rating in a report published on Monday, July 24th.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Zebra Technologies Corporation from a buy rating to a hold rating in a report on Tuesday, May 2nd. Morgan Stanley lowered shares of Zebra Technologies Corporation from an overweight rating to an equal weight rating and lifted their price target for the company from $95.00 to $100.00 in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company downgraded shares of Zebra Technologies Corporation from an outperform rating to a market perform rating in a research report on Wednesday, May 10th. Needham & Company LLC assumed coverage on shares of Zebra Technologies Corporation in a research report on Tuesday, March 28th. They issued a buy rating and a $102.00 price objective for the company. Finally, ValuEngine downgraded shares of Zebra Technologies Corporation from a buy rating to a hold rating in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $98.07.

Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 102.92 on Monday. The company’s 50-day moving average price is $101.06 and its 200 day moving average price is $95.99. The stock’s market capitalization is $5.47 billion. Zebra Technologies Corporation has a 12 month low of $62.91 and a 12 month high of $109.30.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The business had revenue of $897 million during the quarter, compared to analyst estimates of $876.90 million. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Zebra Technologies Corporation will post $6.67 earnings per share for the current fiscal year.

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In other news, Director Richard L. Keyser sold 6,132 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $106.26, for a total value of $651,586.32. Following the sale, the director now directly owns 23,632 shares of the company’s stock, valued at approximately $2,511,136.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael H. Terzich sold 1,789 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $106.89, for a total transaction of $191,226.21. Following the transaction, the senior vice president now directly owns 33,445 shares in the company, valued at $3,574,936.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,175 shares of company stock valued at $5,864,190. Corporate insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Dimensional Fund Advisors LP increased its position in Zebra Technologies Corporation by 36.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,883 shares of the industrial products company’s stock valued at $32,665,000 after buying an additional 102,007 shares during the last quarter. FMR LLC increased its stake in shares of Zebra Technologies Corporation by 267.4% in the fourth quarter. FMR LLC now owns 287,321 shares of the industrial products company’s stock valued at $24,641,000 after buying an additional 209,121 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Zebra Technologies Corporation during the fourth quarter valued at approximately $4,008,000. Two Sigma Investments LP purchased a new stake in shares of Zebra Technologies Corporation during the fourth quarter valued at approximately $257,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Zebra Technologies Corporation by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,000 shares of the industrial products company’s stock valued at $772,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

About Zebra Technologies Corporation

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.

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