Zacks Investment Research cut shares of Zebra Technologies Corporation (NASDAQ:ZBRA) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems. “
Several other equities analysts also recently weighed in on the company. Robert W. Baird reiterated a buy rating and set a $125.00 target price on shares of Zebra Technologies Corporation in a research report on Friday, November 10th. Wellington Shields upgraded Zebra Technologies Corporation from a hold rating to a buy rating in a research report on Wednesday, November 8th. J P Morgan Chase & Co lifted their target price on Zebra Technologies Corporation to $132.00 and gave the company an overweight rating in a research report on Tuesday, November 7th. Northcoast Research upgraded Zebra Technologies Corporation from a neutral rating to a buy rating in a research report on Tuesday, October 31st. Finally, Barrington Research reiterated an outperform rating and set a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Zebra Technologies Corporation has an average rating of Buy and an average target price of $111.75.
Zebra Technologies Corporation (ZBRA) opened at $108.76 on Tuesday. The firm has a market capitalization of $5,740.00, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.21 and a beta of 1.62. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. Zebra Technologies Corporation has a 52-week low of $72.73 and a 52-week high of $117.44.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies Corporation’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. equities analysts anticipate that Zebra Technologies Corporation will post 6.34 EPS for the current fiscal year.
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In other Zebra Technologies Corporation news, Director Frank Blaise Modruson acquired 1,540 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the transaction, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Zebra Technologies Corporation by 16.8% in the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after purchasing an additional 695,821 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Zebra Technologies Corporation by 10.4% in the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after purchasing an additional 428,836 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Zebra Technologies Corporation by 22.0% in the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock worth $196,784,000 after purchasing an additional 326,583 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Zebra Technologies Corporation in the second quarter worth about $157,116,000. Finally, State Street Corp increased its holdings in shares of Zebra Technologies Corporation by 1.4% in the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after purchasing an additional 18,299 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
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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