Zebra Technologies (ZBRA) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a sell rating to a hold rating in a report published on Saturday morning.

Other research analysts have also recently issued research reports about the company. Imperial Capital upgraded Zebra Technologies from an in-line rating to an outperform rating and boosted their price target for the stock from $95.00 to $120.00 in a research note on Wednesday, November 29th. Zacks Investment Research cut Zebra Technologies from a buy rating to a hold rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. boosted their price target on Zebra Technologies to $132.00 and gave the stock an overweight rating in a research note on Tuesday, November 7th. Wellington Shields upgraded Zebra Technologies from a hold rating to a buy rating in a research note on Wednesday, November 8th. Finally, Northcoast Research upgraded Zebra Technologies from a neutral rating to a buy rating in a research note on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $114.88.

Zebra Technologies (ZBRA) traded up $1.68 during trading hours on Friday, hitting $109.54. The company had a trading volume of 301,800 shares, compared to its average volume of 244,497. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies has a fifty-two week low of $81.02 and a fifty-two week high of $117.44. The firm has a market capitalization of $5,826.32, a PE ratio of 185.66, a price-to-earnings-growth ratio of 1.99 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 the Thomson Reuters’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $914.98 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. equities research analysts expect that Zebra Technologies will post 6.37 EPS for the current fiscal year.

In other Zebra Technologies news, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the sale, the senior vice president now owns 10,426 shares in the company, valued at $1,148,423.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Blaise Modruson acquired 1,540 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the purchase, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in shares of Zebra Technologies by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 352,338 shares of the industrial products company’s stock worth $38,257,000 after purchasing an additional 940 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $565,000. Fieldpoint Private Securities LLC raised its position in shares of Zebra Technologies by 134.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 3,167 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 1,817 shares during the period. California Public Employees Retirement System raised its position in shares of Zebra Technologies by 5.3% during the 3rd quarter. California Public Employees Retirement System now owns 118,408 shares of the industrial products company’s stock worth $12,857,000 after purchasing an additional 6,008 shares during the period. Finally, Janney Capital Management LLC raised its position in shares of Zebra Technologies by 47.0% during the 3rd quarter. Janney Capital Management LLC now owns 3,967 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 1,268 shares during the period. Hedge funds and other institutional investors own 89.64% of the company’s stock.

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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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