Zebra Technologies (NASDAQ:ZBRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $128.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 3.94% from the stock’s previous close.
According to Zacks, “Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, real-time locating solutions etc. worldwide. Its products are primarily used in automatic identification, data collection, and personal identification applications. The company also provides mobile computing and advanced data capture technologies and services, which include rugged and enterprise-grade mobile computers; laser, imaging, and radio frequency identification based data capture products; wireless LAN solutions and software; and applications that are associated with these products and services. In addition, it offers barcode scanners; specialty printers for barcode labeling and personal identification; real-time location systems; and related accessories and supplies, such as self-adhesive labels and other consumables, utilities, and application software. “
A number of other brokerages also recently commented on ZBRA. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $95.00 to $120.00 in a research report on Wednesday, November 29th. JPMorgan Chase & Co. boosted their target price on shares of Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Finally, Robert W. Baird reissued a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $114.63.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the Zacks’ 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 period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. equities analysts anticipate that Zebra Technologies will post 6.37 EPS for the current fiscal year.
In other Zebra Technologies news, SVP Michael Cho sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Blaise Modruson bought 1,540 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $103.88 per share, with a total value 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 disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Zebra Technologies in the second quarter worth $136,000. Advisor Group Inc. lifted its stake 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 worth $161,000 after buying an additional 13 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Zebra Technologies in the third quarter worth $180,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $189,000 after buying an additional 71 shares during the last quarter. Finally, ARP Americas LLC acquired a new stake in shares of Zebra Technologies in the third quarter worth $202,000. Institutional investors and hedge funds own 89.64% of the company’s stock.
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About Zebra Technologies
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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