ValuEngine Upgrades Zebra Technologies (ZBRA) to Buy

ValuEngine upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a research note released on Wednesday.

A number of other equities analysts have also issued reports on ZBRA. Northcoast Research set a $200.00 target price on Zebra Technologies and gave the company a buy rating in a research report on Tuesday, August 7th. BidaskClub raised Zebra Technologies from a hold rating to a buy rating in a research report on Friday, October 19th. Needham & Company LLC upped their target price on Zebra Technologies to $192.00 and gave the company a buy rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. set a $170.00 target price on Zebra Technologies and gave the company a buy rating in a research report on Monday, August 6th. Finally, Morgan Stanley upped their target price on Zebra Technologies from $135.00 to $160.00 and gave the company an equal weight rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $180.22.

NASDAQ ZBRA opened at $179.80 on Wednesday. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 28.09 and a beta of 1.55. Zebra Technologies has a fifty-two week low of $101.49 and a fifty-two week high of $184.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.28. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. Zebra Technologies’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 EPS. As a group, sell-side analysts forecast that Zebra Technologies will post 10.04 earnings per share for the current fiscal year.

In related news, Director Andrew K. Ludwick sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the sale, the director now directly owns 34,952 shares of the company’s stock, valued at approximately $6,222,854.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joachim Heel sold 2,480 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $182.38, for a total value of $452,302.40. Following the sale, the senior vice president now directly owns 24,412 shares in the company, valued at $4,452,260.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,640 shares of company stock worth $12,930,449. 2.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Reilly Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $142,000. Psagot Investment House Ltd. acquired a new stake in shares of Zebra Technologies during the 2nd quarter valued at approximately $129,000. Synovus Financial Corp acquired a new stake in shares of Zebra Technologies during the 2nd quarter valued at approximately $148,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Zebra Technologies during the 2nd quarter valued at approximately $158,000. Finally, Evercore Wealth Management LLC acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $201,000. 87.45% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Buyback

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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