JPMorgan Chase & Co. Reaffirms Buy Rating for Zebra Technologies Corp. (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA)‘s stock had its “buy” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued on Tuesday.
Several other research analysts have also recently issued reports on the stock. Vetr cut shares of Zebra Technologies Corp. from a “sell” rating to a “strong sell” rating and set a $59.55 price objective for the company. in a report on Monday, August 22nd. Zacks Investment Research upgraded shares of Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Saturday, August 13th. Barrington Research reiterated an “outperform” rating and issued a $75.00 price objective on shares of Zebra Technologies Corp. in a report on Wednesday, August 10th. Wellington Shields upgraded shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, August 9th. Finally, Credit Agricole SA assumed coverage on shares of Zebra Technologies Corp. in a report on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $75.06.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 1.47% during mid-day trading on Tuesday, hitting $69.57. 172,464 shares of the stock traded hands. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $83.02. The company’s market cap is $3.67 billion. The stock has a 50-day moving average of $66.34 and a 200-day moving average of $60.15.
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Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.28. The business earned $879 million during the quarter, compared to analysts’ expectations of $869.19 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. Analysts anticipate that Zebra Technologies Corp. will post $5.46 EPS for the current year.
In related news, SVP Michael H. Terzich sold 8,819 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $68.07, for a total value of $600,309.33. Following the completion of the sale, the senior vice president now owns 40,834 shares in the company, valued at approximately $2,779,570.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jim L. Kaput sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $64.83, for a total transaction of $324,150.00. Following the completion of the sale, the senior vice president now owns 30,103 shares of the company’s stock, valued at approximately $1,951,577.49. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Zebra Technologies Corp. by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,034 shares of the company’s stock valued at $202,000 after buying an additional 30 shares during the period. IBM Retirement Fund increased its stake in Zebra Technologies Corp. by 0.8% in the second quarter. IBM Retirement Fund now owns 5,236 shares of the company’s stock worth $262,000 after buying an additional 43 shares during the last quarter. Utah Retirement Systems increased its stake in Zebra Technologies Corp. by 1.1% in the second quarter. Utah Retirement Systems now owns 9,332 shares of the company’s stock worth $467,000 after buying an additional 100 shares during the last quarter. LaSalle Street Capital Management LLC increased its stake in Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock worth $226,000 after buying an additional 152 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in Zebra Technologies Corp. by 1.0% in the second quarter. State Treasurer State of Michigan now owns 21,000 shares of the company’s stock worth $1,052,000 after buying an additional 200 shares during the last quarter.
About Zebra Technologies Corp.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
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