Zebra Technologies Corp. (NASDAQ:ZBRA) Given Average Rating of “Hold” by Analysts

Zebra Technologies Corp. (NASDAQ:ZBRA) has received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $79.13.

Several equities research analysts have commented on ZBRA shares. Vetr lowered shares of Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $50.05 target price on the stock. in a research report on Thursday, July 7th. 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 shares of Zebra Technologies Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Wellington Shields lowered shares of Zebra Technologies Corp. from an “accumulate” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Avondale Partners started coverage on shares of Zebra Technologies Corp. in a research report on Tuesday, March 29th. They set a “market perform” rating and a $80.00 target price on the stock.

Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.1947% during midday trading on Wednesday, hitting $52.7525. 526,274 shares of the company were exchanged. Zebra Technologies Corp. has a 52-week low of $46.13 and a 52-week high of $110.46. The company has a 50-day moving average price of $52.41 and a 200-day moving average price of $58.86. The stock’s market capitalization is $2.76 billion.

Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its earnings results on Tuesday, May 10th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.22 by $0.21. During the same quarter in the prior year, the firm earned $1.39 EPS. The business had revenue of $847 million for the quarter, compared to the consensus estimate of $878.67 million. The business’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts forecast that Zebra Technologies Corp. will post $5.24 EPS for the current year.

In other news, Director Frank Blaise Modruson bought 1,130 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average price of $48.88 per share, with a total value of $55,234.40. Following the purchase, the director now owns 6,058 shares of the company’s stock, valued at approximately $296,115.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.