Zebra Technologies (ZBRA) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a report published on Tuesday, November 14th.

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. “

ZBRA has been the topic of several other research reports. Northcoast Research upgraded Zebra Technologies from a neutral rating to a buy rating in a research report on Tuesday, October 31st. Robert W. Baird reiterated a buy rating and set a $125.00 target price on shares of Zebra Technologies in a research report on Friday, November 10th. J P Morgan Chase & Co raised their price objective on Zebra Technologies to $132.00 and gave the company an overweight rating in a report on Tuesday, November 7th. BidaskClub lowered Zebra Technologies from a buy rating to a hold rating in a report on Monday, July 24th. Finally, Wellington Shields upgraded Zebra Technologies from a hold rating to a buy rating in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Zebra Technologies has an average rating of Buy and an average target price of $114.88.

Zebra Technologies (ZBRA) traded up $0.04 on Tuesday, hitting $110.36. 350,911 shares of the stock traded hands, compared to its average volume of 370,420. Zebra Technologies has a 12-month low of $75.70 and a 12-month high of $117.44. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. The firm has a market capitalization of $5,869.94, a P/E ratio of 17.74, a P/E/G ratio of 2.31 and a beta of 1.59.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts expect that Zebra Technologies will post 6.38 EPS for the current fiscal year.

In related news, Director Frank Blaise Modruson acquired 1,540 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the purchase, the director now owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC acquired a new position in shares of Zebra Technologies in the second quarter valued at approximately $136,000. Advisor Group Inc. increased its holdings in shares of Zebra Technologies by 0.8% in the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 13 shares during the period. Zions Bancorporation acquired a new position in shares of Zebra Technologies in the third quarter valued at approximately $180,000. ARP Americas LLC acquired a new position in shares of Zebra Technologies in the third quarter valued at approximately $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Zebra Technologies by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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Zebra Technologies Company Profile

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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