Zebra Technologies Corp. (ZBRA) Cut to Hold at ValuEngine
Zebra Technologies Corp. (NASDAQ:ZBRA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Other research analysts have also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $107.00 price target on shares of Zebra Technologies Corp. in a report on Monday. Barrington Research upped their price target on shares of Zebra Technologies Corp. from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Goldman Sachs Group Inc restated a “neutral” rating and issued a $69.00 price target on shares of Zebra Technologies Corp. in a report on Thursday, February 16th. Zacks Investment Research upgraded shares of Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Wednesday, April 26th. Finally, Wells Fargo & Co cut shares of Zebra Technologies Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $89.82.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 1.28% during midday trading on Tuesday, hitting $102.35. 169,338 shares of the stock traded hands. Zebra Technologies Corp. has a 52-week low of $46.13 and a 52-week high of $104.28. The company’s market cap is $5.40 billion. The firm’s 50-day moving average is $94.45 and its 200-day moving average is $86.40.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.07. The firm had revenue of $865 million for the quarter, compared to analysts’ expectations of $847.76 million. Zebra Technologies Corp. had a negative net margin of 4.68% and a positive return on equity of 30.70%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. Analysts predict that Zebra Technologies Corp. will post $6.45 EPS for the current year.
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In other news, CEO Anders Gustafsson sold 40,000 shares of Zebra Technologies Corp. stock in a transaction on Monday, February 27th. The stock was sold at an average price of $92.22, for a total transaction of $3,688,800.00. Following the transaction, the chief executive officer now owns 281,003 shares in the company, valued at approximately $25,914,096.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Hugh K. Gagnier sold 9,388 shares of Zebra Technologies Corp. stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the transaction, the senior vice president now owns 48,460 shares in the company, valued at approximately $4,866,353.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,109 shares of company stock worth $5,496,230. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in Zebra Technologies Corp. by 2.6% in the first quarter. Macquarie Group Ltd. now owns 610,812 shares of the industrial products company’s stock valued at $55,737,000 after buying an additional 15,573 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Zebra Technologies Corp. during the first quarter valued at approximately $296,000. Gotham Asset Management LLC raised its position in Zebra Technologies Corp. by 1,384.5% in the first quarter. Gotham Asset Management LLC now owns 153,997 shares of the industrial products company’s stock valued at $14,052,000 after buying an additional 143,623 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Zebra Technologies Corp. during the first quarter valued at approximately $362,000. Finally, State Street Corp raised its position in Zebra Technologies Corp. by 2.1% in the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock valued at $123,234,000 after buying an additional 27,838 shares in the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.
Zebra Technologies Corp. Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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