Zebra Technologies Corp. (ZBRA) Receives $112.71 Average Price Target from Analysts

Zebra Technologies Corp. (NASDAQ:ZBRA) has been given a consensus rating of “Buy” by the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $112.71.

A number of research analysts have commented on ZBRA shares. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Imperial Capital upgraded Zebra Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $95.00 to $120.00 in a research note on Wednesday, November 29th. JPMorgan Chase & Co. upped their price target on Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird restated a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a research note on Friday, November 10th.

Zebra Technologies (NASDAQ:ZBRA) traded down $1.38 during trading hours on Thursday, reaching $105.15. The company’s stock had a trading volume of 138,392 shares, compared to its average volume of 297,838. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. Zebra Technologies has a one year low of $81.02 and a one year high of $117.44. The firm has a market capitalization of $5,590.00, a PE ratio of 184.47, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $914.98 million. During the same period in the prior year, the firm earned $1.43 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. equities analysts predict that Zebra Technologies will post 6.37 earnings per share for the current fiscal year.

In related news, Director Frank Blaise Modruson acquired 1,540 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $103.88 per share, with a total value of $159,975.20. Following the completion of the transaction, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the sale, the senior vice president now directly owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of ZBRA. Janus Henderson Group PLC purchased a new position in Zebra Technologies in the second quarter valued at $157,116,000. BlackRock Inc. increased its holdings in Zebra Technologies by 16.8% in the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock valued at $486,381,000 after buying an additional 695,821 shares during the last quarter. Vanguard Group Inc. increased its holdings in Zebra Technologies by 10.4% in the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock valued at $456,913,000 after buying an additional 428,836 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Zebra Technologies by 107.7% in the third quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after buying an additional 411,035 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Zebra Technologies by 22.0% in the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock valued at $196,784,000 after buying an additional 326,583 shares during the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

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About Zebra Technologies

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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