Zebra Technologies Corporation (NASDAQ:ZBRA)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday. They presently have a $118.00 price objective on the industrial products company’s stock, up from their prior price objective of $107.00. Needham & Company LLC’s price objective indicates a potential upside of 13.64% from the company’s previous close.
ZBRA has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. ValuEngine raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barrington Research lifted their price objective on shares of Zebra Technologies Corporation from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. BidaskClub cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Morgan Stanley cut shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $95.00 to $100.00 in a report on Wednesday, May 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.19.
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 103.84 on Thursday. The stock has a 50 day moving average price of $100.94 and a 200 day moving average price of $95.10. The stock’s market capitalization is $5.48 billion. Zebra Technologies Corporation has a 1-year low of $62.91 and a 1-year high of $109.30.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.17. The company had revenue of $897 million during the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a negative net margin of 2.98% and a positive return on equity of 37.96%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Equities research analysts anticipate that Zebra Technologies Corporation will post $6.45 EPS for the current year.
In other Zebra Technologies Corporation news, Director Richard L. Keyser sold 6,132 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $106.26, for a total transaction of $651,586.32. Following the sale, the director now directly owns 23,632 shares in the company, valued at approximately $2,511,136.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Hugh K. Gagnier sold 9,388 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total transaction of $942,742.96. Following the sale, the senior vice president now owns 48,460 shares in the company, valued at $4,866,353.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,881 shares of company stock worth $1,954,954. Company insiders own 2.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ZBRA. Bank of Montreal Can raised its stake in Zebra Technologies Corporation by 0.4% in the first quarter. Bank of Montreal Can now owns 46,177 shares of the industrial products company’s stock worth $4,213,000 after buying an additional 177 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Zebra Technologies Corporation during the first quarter worth approximately $362,000. Advantus Capital Management Inc increased its stake in shares of Zebra Technologies Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,770 shares of the industrial products company’s stock worth $618,000 after buying an additional 209 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Zebra Technologies Corporation by 483.6% in the first quarter. Renaissance Technologies LLC now owns 272,731 shares of the industrial products company’s stock worth $24,887,000 after buying an additional 226,000 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Zebra Technologies Corporation by 2.1% in the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock worth $123,234,000 after buying an additional 27,838 shares in the last quarter. Institutional investors 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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