Zebra Technologies (NASDAQ:ZBRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday, Zacks.com reports. The brokerage presently has a $215.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.68% from the stock’s current price.
According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “
A number of other equities analysts also recently commented on the stock. BidaskClub raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday. Wellington Shields raised shares of Zebra Technologies from a “gradually accumulate” rating to a “buy” rating in a research note on Thursday, May 30th. ValuEngine downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Imperial Capital reissued an “outperform” rating and issued a $230.00 price objective (up previously from $225.00) on shares of Zebra Technologies in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised shares of Zebra Technologies to an “overweight” rating and boosted their price objective for the stock from $212.00 to $225.00 in a research note on Friday, March 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $213.75.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. Zebra Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.56 earnings per share. On average, sell-side analysts expect that Zebra Technologies will post 11.82 EPS for the current year.
In other news, CFO Olivier Leonetti sold 3,500 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $195.00, for a total transaction of $682,500.00. Following the transaction, the chief financial officer now directly owns 22,387 shares of the company’s stock, valued at $4,365,465. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael H. Terzich sold 9,175 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $194.11, for a total value of $1,780,959.25. Following the transaction, the senior vice president now directly owns 35,553 shares in the company, valued at $6,901,192.83. The disclosure for this sale can be found here. Corporate insiders own 1.77% of the company’s stock.
Several hedge funds have recently modified their holdings of ZBRA. Trust Co. of Vermont increased its position in shares of Zebra Technologies by 125.0% during the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. PRW Wealth Management LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth $29,000. Lindbrook Capital LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth $35,000. Huntington National Bank increased its position in shares of Zebra Technologies by 62.9% during the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 78 shares in the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in shares of Zebra Technologies during the first quarter worth $42,000. 87.33% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Company Profile
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.
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