Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the company. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $71.69.
Several equities analysts have recently weighed in on ZBRA shares. Vetr cut Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $50.05 price target for the company. in a research report on Thursday, July 7th. Credit Agricole SA began coverage on Zebra Technologies Corp. in a research report on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 price target for the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Zebra Technologies Corp. in a research report on Monday, June 6th. Zacks Investment Research upgraded Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Saturday, August 13th. Finally, Wellington Shields upgraded Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th.
In other news, SVP Michael H. Terzich sold 8,819 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $68.07, for a total value of $600,309.33. Following the completion of the sale, the senior vice president now owns 40,834 shares of the company’s stock, valued at approximately $2,779,570.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael Cho sold 1,850 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total value of $126,836.00. Following the completion of the sale, the senior vice president now directly owns 11,004 shares of the company’s stock, valued at approximately $754,434.24. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in ZBRA. Fuller & Thaler Asset Management Inc. bought a new stake in Zebra Technologies Corp. during the second quarter worth $67,797,000. CI Global Investments Inc. raised its stake in Zebra Technologies Corp. by 207.1% in the second quarter. CI Global Investments Inc. now owns 1,438,000 shares of the company’s stock worth $72,044,000 after buying an additional 969,700 shares during the period. Makaira Partners LLC raised its stake in Zebra Technologies Corp. by 126.6% in the second quarter. Makaira Partners LLC now owns 1,370,227 shares of the company’s stock worth $68,648,000 after buying an additional 765,500 shares during the period. Lombardia Capital Partners LLC bought a new stake in Zebra Technologies Corp. during the second quarter worth $17,866,000. Finally, Wellington Management Group LLP raised its stake in Zebra Technologies Corp. by 156.9% in the first quarter. Wellington Management Group LLP now owns 572,754 shares of the company’s stock worth $39,520,000 after buying an additional 349,844 shares during the period.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 0.46% during trading on Tuesday, hitting $69.60. The stock had a trading volume of 106,226 shares. The firm has a 50-day moving average price of $68.82 and a 200 day moving average price of $60.43. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $83.02. The company’s market capitalization is $3.67 billion.
Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.28. The company earned $879 million during the quarter, compared to analysts’ expectations of $869.19 million. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. Equities analysts anticipate that Zebra Technologies Corp. will post $5.46 earnings per share for the current year.
About Zebra Technologies Corp.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
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