Zebra Technologies Corp. (ZBRA) Downgraded to Hold at Zacks Investment Research
Zebra Technologies Corp. (NASDAQ:ZBRA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems. “
A number of other equities research analysts also recently weighed in on the stock. Imperial Capital boosted their price objective on shares of Zebra Technologies Corp. from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Zebra Technologies Corp. in a research report on Tuesday, September 20th. Vetr downgraded 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 research report on Monday, August 22nd. Barrington Research reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. Finally, Wellington Shields raised shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Zebra Technologies Corp. has an average rating of “Hold” and a consensus target price of $76.17.
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Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 0.04% during midday trading on Wednesday, hitting $66.78. 165,878 shares of the stock were exchanged. The firm’s 50-day moving average is $68.89 and its 200 day moving average is $60.51. The stock’s market cap is $3.52 billion. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $83.02.
Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.28. The company earned $879 million during the quarter, compared to the consensus estimate 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 company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Equities research analysts expect that Zebra Technologies Corp. will post $5.46 EPS for the current fiscal year.
In other 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 directly owns 40,834 shares of the company’s stock, valued at approximately $2,779,570.38. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was 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 directly owns 30,103 shares of the company’s stock, valued at $1,951,577.49. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of ZBRA. LS Investment Advisors LLC raised 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 in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Zebra Technologies Corp. during the second quarter worth $160,000. Cambridge Investment Research Advisors Inc. raised 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 in the last quarter. King Luther Capital Management Corp bought a new stake in shares of Zebra Technologies Corp. during the second quarter worth $225,000. Finally, LaSalle Street Capital Management LLC raised 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 in 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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