Zebra Technologies Corp. Rating Lowered to Neutral at Zacks (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday, Analyst Ratings.Net reports. They currently have a $68.90 price objective on the stock. Zacks‘ price target indicates a potential upside of 4.02% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital raised their price target on shares of Zebra Technologies Corp. from $52.00 to $70.00 in a research note on Thursday. They now have an “in-line” rating on the stock. Separately, analysts at Northcoast Research upgraded shares of Zebra Technologies Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Zebra Technologies Corp. in a research note on Monday, December 23rd. They now have a $58.50 price target on the stock, up previously from $57.00. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $62.10.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 1.48% on Monday, hitting $67.22. The stock had a trading volume of 463,525 shares. Zebra Technologies Corp. has a 52-week low of $42.51 and a 52-week high of $67.04. The stock has a 50-day moving average of $55.23 and a 200-day moving average of $50.33. The company has a market cap of $3.384 billion and a P/E ratio of 25.16.
Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings data on Wednesday, February 19th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $284.50 million for the quarter, compared to the consensus estimate of $268.03 million. On average, analysts predict that Zebra Technologies Corp. will post $3.29 earnings per share for the current fiscal year.
Zebra Technologies Corporation (NASDAQ:ZBRA) designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance.
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