Zebra Technologies Corp. (ZBRA) Downgraded by Vetr Inc. to “Sell”
Zebra Technologies Corp. (NASDAQ:ZBRA) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday. They presently have a $50.05 price target on the stock. Vetr‘s target price points to a potential downside of 23.01% from the stock’s current price.
ZBRA has been the subject of a number of other research reports. Avondale Partners started coverage on Zebra Technologies Corp. in a research note on Tuesday, March 29th. They issued a “market perform” rating and a $80.00 price target for the company. Goldman Sachs Group Inc. started coverage on Zebra Technologies Corp. in a research note on Wednesday, June 8th. They issued a “neutral” rating and a $55.00 price target for the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a research note on Monday, June 6th. Wellington Shields lowered Zebra Technologies Corp. from an “accumulate” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Northcoast Research lowered Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.17.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.20% during midday trading on Monday, hitting $65.01. The stock had a trading volume of 289,382 shares. The company’s market capitalization is $3.43 billion. The stock’s 50-day moving average is $68.55 and its 200-day moving average is $60.56. Zebra Technologies Corp. has a 1-year low of $46.13 and a 1-year high of $83.02.
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Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $1.34 EPS for the quarter, topping the 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%. Zebra Technologies Corp.’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. Equities research analysts forecast that Zebra Technologies Corp. will post $5.46 EPS for the current year.
In related news, SVP Michael Cho sold 1,850 shares of the stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total value of $126,836.00. Following the completion of the transaction, the senior vice president now owns 11,004 shares of the company’s stock, valued at approximately $754,434.24. 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 stock in a transaction dated 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 transaction, the senior vice president now directly 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 hedge funds and other institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its position 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. acquired a new position in shares of Zebra Technologies Corp. during the second quarter worth approximately $160,000. Cambridge Investment Research Advisors Inc. increased its position 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 acquired a new position in shares of Zebra Technologies Corp. during the second quarter worth approximately $225,000. Finally, LaSalle Street Capital Management LLC increased its position 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.
To view Vetr’s full report, visit Vetr’s official website.
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