Zebra Technologies Corp. (ZBRA) Receives “Buy” Rating from JPMorgan Chase & Co.
Zebra Technologies Corp. (NASDAQ:ZBRA)‘s stock had its “buy” rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Tuesday.
Several other research firms have also commented on ZBRA. Vetr lowered Zebra Technologies Corp. from a “sell” rating to a “strong sell” rating and set a $59.55 price target for the company. in a research report on Monday, August 22nd. Zacks Investment Research raised Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Saturday, August 13th. Barrington Research reissued an “outperform” rating and issued a $75.00 price target on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. Wellington Shields raised Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. assumed coverage on Zebra Technologies Corp. in a research report on Wednesday, June 8th. They set a “neutral” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.06.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 1.47% on Tuesday, hitting $69.57. The stock had a trading volume of 172,464 shares. The company’s 50 day moving average is $66.34 and its 200-day moving average is $60.15. The stock’s market cap is $3.67 billion. Zebra Technologies Corp. has a 12 month low of $46.13 and a 12 month high of $83.02.
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Zebra Technologies Corp. (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.28. The firm earned $879 million during the quarter, compared to analyst estimates of $869.19 million. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. Analysts forecast that Zebra Technologies Corp. will post $5.46 EPS for the current year.
In other news, SVP Michael H. Terzich sold 8,819 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $68.07, for a total value of $600,309.33. Following the transaction, the senior vice president now directly owns 40,834 shares of the company’s stock, valued at $2,779,570.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jim L. Kaput sold 5,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $64.83, for a total value of $324,150.00. Following the completion of the transaction, the senior vice president now directly owns 30,103 shares in the company, valued at $1,951,577.49. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of ZBRA. LS Investment Advisors LLC increased its stake in shares of Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock worth $158,000 after buying an additional 1,312 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Zebra Technologies Corp. during the second quarter worth approximately $160,000. 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 worth $202,000 after buying an additional 30 shares during the last quarter. King Luther Capital Management Corp bought a new stake in shares of Zebra Technologies Corp. during the second quarter worth approximately $225,000. Finally, LaSalle Street Capital Management LLC increased its stake in shares of 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.
Zebra Technologies Corp. Company Profile
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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