Zebra Technologies Corporation (NASDAQ:ZBRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $130.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.08% from the stock’s current price.
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 a number of other reports. Northcoast Research raised shares of Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday. BidaskClub lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Needham & Company LLC reissued a “buy” rating and set a $118.00 target price (up from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Zebra Technologies Corporation has an average rating of “Buy” and a consensus target price of $105.29.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm had revenue of $897.00 million for the quarter, compared to analyst estimates of $876.90 million. During the same period in the previous year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year.
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In other news, CEO Anders Gustafsson sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the completion of the sale, the senior vice president now directly owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several large investors have recently bought and sold shares of ZBRA. Penserra Capital Management LLC bought a new stake in shares of Zebra Technologies Corporation in the 2nd quarter valued at $100,000. Fieldpoint Private Securities LLC bought a new stake in shares of Zebra Technologies Corporation in the 2nd quarter valued at $136,000. Advisor Group Inc. boosted its stake in shares of Zebra Technologies Corporation by 0.8% in the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Zebra Technologies Corporation by 3.9% in the 2nd 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 last quarter. Finally, ARP Americas LLC bought a new stake in shares of Zebra Technologies Corporation in the 3rd quarter valued at $202,000. 90.17% of the stock is currently owned by 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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