Imperial Capital Increases Zebra Technologies Corp. (ZBRA) Price Target to $75.00
Zebra Technologies Corp. (NASDAQ:ZBRA) had its price objective hoisted by Imperial Capital from $65.00 to $75.00 in a research report issued on Monday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Imperial Capital’s price objective suggests a potential upside of 9.14% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Saturday, August 13th. Vetr lowered Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $50.05 target price for the company. in a research note on Thursday, July 7th. Credit Agricole SA initiated coverage on Zebra Technologies Corp. in a research note on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 target price for the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a research note on Tuesday, September 20th. Finally, Wellington Shields upgraded Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Zebra Technologies Corp. has a consensus rating of “Buy” and a consensus price target of $76.17.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 68.72 on Monday. The firm has a 50-day moving average price of $68.95 and a 200-day moving average price of $60.57. The stock’s market cap is $3.63 billion. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $83.02.
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Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.28. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. The business earned $879 million during the quarter, compared to analyst estimates of $869.19 million. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies Corp. will post $5.46 earnings per share for the current fiscal year.
In other Zebra Technologies Corp. news, SVP Michael Cho sold 1,850 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $68.56, for a total transaction of $126,836.00. Following the transaction, the senior vice president now owns 11,004 shares of the company’s stock, valued at approximately $754,434.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jim L. Kaput bought 3,457 shares of Zebra Technologies Corp. stock in a transaction on Thursday, September 8th. The shares were purchased at an average cost of $68.22 per share, for a total transaction of $235,836.54. Following the acquisition, the senior vice president now owns 25,103 shares in the company, valued at $1,712,526.66. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in 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 in the last quarter. Pacer Advisors Inc. purchased a new position in Zebra Technologies Corp. during the second quarter worth approximately $160,000. Cambridge Investment Research Advisors Inc. increased its position in 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 in the last quarter. King Luther Capital Management Corp purchased a new position in Zebra Technologies Corp. during the second quarter worth approximately $225,000. Finally, LaSalle Street Capital Management LLC increased its position 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 in 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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