Imperial Capital Increases Zebra Technologies Corp. (ZBRA) Price Target to $75.00
Zebra Technologies Corp. (NASDAQ:ZBRA) had its price objective boosted by research analysts at Imperial Capital from $65.00 to $75.00 in a report released on Monday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Imperial Capital’s price target would suggest a potential upside of 9.14% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Credit Agricole SA assumed coverage on shares of Zebra Technologies Corp. in a research note on Wednesday, August 3rd. They set a “buy” rating and a $74.00 price target for the company. Vetr downgraded shares of Zebra Technologies Corp. from a “hold” rating to a “sell” rating and set a $59.55 price target for the company. in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Zebra Technologies Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Wellington Shields raised shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, August 9th. Finally, Northcoast Research downgraded shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently 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. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $83.02. The stock’s market capitalization is $3.63 billion. The firm’s 50-day moving average price is $68.95 and its 200 day moving average price is $60.57.
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Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 in the previous year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts expect that Zebra Technologies Corp. will post $5.46 earnings per share for the current year.
In other news, SVP Jim L. Kaput sold 5,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $64.83, for a total transaction of $324,150.00. Following the transaction, the senior vice president now directly owns 30,103 shares of the company’s stock, valued at $1,951,577.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael H. Terzich sold 8,819 shares of the company’s stock in a transaction on 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 in the company, valued at $2,779,570.38. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently modified their holdings of ZBRA. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Zebra Technologies Corp. during the second quarter worth $67,797,000. CI Global Investments Inc. raised its stake in shares of Zebra Technologies Corp. by 207.1% in the second quarter. CI Global Investments Inc. now owns 1,438,000 shares of the company’s stock worth $72,044,000 after buying an additional 969,700 shares during the period. Makaira Partners LLC raised its stake in shares of Zebra Technologies Corp. by 126.6% in the second quarter. Makaira Partners LLC now owns 1,370,227 shares of the company’s stock worth $68,648,000 after buying an additional 765,500 shares during the period. Lombardia Capital Partners LLC bought a new stake in shares of Zebra Technologies Corp. during the second quarter worth $17,866,000. Finally, Wellington Management Group LLP raised its stake in shares of Zebra Technologies Corp. by 156.9% in the first quarter. Wellington Management Group LLP now owns 572,754 shares of the company’s stock worth $39,520,000 after buying an additional 349,844 shares during the period.
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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