Morgan Stanley reissued their equal weight rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a report published on Friday. The firm currently has a $125.00 price target on the industrial products company’s stock, up from their prior price target of $108.00.
A number of other equities research analysts have also commented on the stock. Northcoast Research upgraded shares of Zebra Technologies from a neutral rating to a buy rating in a report on Tuesday, October 31st. Wellington Shields raised shares of Zebra Technologies from a hold rating to a buy rating in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Zebra Technologies from a hold rating to a buy rating and set a $128.00 price objective on the stock in a research report on Saturday, January 13th. BidaskClub downgraded shares of Zebra Technologies from a hold rating to a sell rating in a research report on Friday, December 15th. Finally, Imperial Capital raised shares of Zebra Technologies from an in-line rating to an outperform rating and boosted their price objective for the company from $95.00 to $120.00 in a research report on Wednesday, November 29th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $136.38.
Shares of Zebra Technologies (ZBRA) opened at $141.90 on Friday. Zebra Technologies has a 1-year low of $84.32 and a 1-year high of $142.65. The company has a current ratio of 1.06, a quick ratio of 0.74 and a debt-to-equity ratio of 2.61. The company has a market cap of $7,550.00, a price-to-earnings ratio of 86.00, a P/E/G ratio of 2.55 and a beta of 1.67.
In other Zebra Technologies news, SVP Michael Cho sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Greenleaf Trust grew its position in shares of Zebra Technologies by 98.0% in the 4th quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock worth $104,000 after buying an additional 495 shares during the period. Zions Bancorporation purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $180,000. ARP Americas LLC purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $202,000. Stifel Financial Corp purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $239,000. Finally, Commerce Bank purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $278,000. 89.27% of the stock is currently owned by hedge funds and other institutional investors.
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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