Zebra Technologies Corporation (ZBRA) Given Average Rating of “Hold” by Analysts

Zebra Technologies Corporation (NASDAQ:ZBRA) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $91.93.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barrington Research lifted their target price on Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Needham & Company LLC reissued a “buy” rating and issued a $107.00 target price on shares of Zebra Technologies Corporation in a report on Monday, May 22nd. Finally, BidaskClub lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

Zebra Technologies Corporation (ZBRA) opened at 102.50 on Monday. The firm’s 50-day moving average is $100.86 and its 200-day moving average is $95.16. The firm’s market capitalization is $5.41 billion. Zebra Technologies Corporation has a 52-week low of $62.91 and a 52-week 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.17. The business had revenue of $897 million during the quarter, compared to analysts’ expectations of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, equities analysts expect that Zebra Technologies Corporation will post $6.61 earnings per share for the current year.

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In related news, SVP Hugh K. Gagnier sold 9,388 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the sale, the senior vice president now directly owns 48,460 shares in the company, valued at $4,866,353.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Keyser sold 6,132 shares of the company’s stock in a transaction that occurred 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 owns 23,632 shares in the company, valued at $2,511,136.32. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock worth $1,954,954 over the last 90 days. Company insiders own 2.50% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in Zebra Technologies Corporation during the second quarter worth approximately $100,000. Meadow Creek Investment Management LLC boosted its position in Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock worth $120,000 after buying an additional 48 shares in the last quarter. Quantbot Technologies LP acquired a new position in Zebra Technologies Corporation during the first quarter worth approximately $140,000. Neuburgh Advisers LLC boosted its position in Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock worth $165,000 after buying an additional 66 shares in the last quarter. Finally, James Investment Research Inc. acquired a new position in Zebra Technologies Corporation during the first quarter worth approximately $183,000. Institutional investors and hedge funds own 94.49% 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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