Zebra Technologies Corporation’s (ZBRA) Outperform Rating Reaffirmed at Barrington Research
Zebra Technologies Corporation (NASDAQ:ZBRA)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research report issued on Tuesday, MarketBeat reports. They currently have a $125.00 target price on the industrial products company’s stock, up from their prior target price of $110.00. Barrington Research’s price objective points to a potential upside of 17.81% from the company’s current price.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Morgan Stanley downgraded shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company downgraded shares of Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. ValuEngine downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $107.00 price objective on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Zebra Technologies Corporation presently has an average rating of “Hold” and an average price target of $98.07.
Shares of Zebra Technologies Corporation (ZBRA) traded up 2.82% during midday trading on Tuesday, hitting $106.10. 555,073 shares of the stock traded hands. Zebra Technologies Corporation has a 52 week low of $62.91 and a 52 week high of $109.30. The firm’s 50-day moving average is $100.81 and its 200 day moving average is $95.73. The company’s market capitalization is $5.63 billion.
Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The business had revenue of $897 million during the quarter, compared to analyst estimates of $876.90 million. During the same quarter last year, the business earned $1.34 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Zebra Technologies Corporation will post $6.63 earnings per share for the current year.
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In other Zebra Technologies Corporation news, SVP Michael H. Terzich sold 1,789 shares of Zebra Technologies Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $106.89, for a total transaction of $191,226.21. Following the completion of the transaction, the senior vice president now owns 33,445 shares of the company’s stock, valued at approximately $3,574,936.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Cho sold 1,572 shares of Zebra Technologies Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $107.76, for a total value of $169,398.72. Following the transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $1,012,211 over the last 90 days. 2.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kalos Management Inc. raised its position in Zebra Technologies Corporation by 7.2% in the second quarter. Kalos Management Inc. now owns 8,334 shares of the industrial products company’s stock worth $837,000 after buying an additional 560 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Zebra Technologies Corporation by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 15,790 shares of the industrial products company’s stock worth $1,587,000 after buying an additional 203 shares during the last quarter. Nomura Holdings Inc. bought a new position in Zebra Technologies Corporation during the second quarter worth $487,000. Rowland & Co. Investment Counsel ADV raised its position in Zebra Technologies Corporation by 3.7% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 21,958 shares of the industrial products company’s stock worth $2,211,000 after buying an additional 790 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Zebra Technologies Corporation during the second quarter worth $383,000. 94.85% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Corporation 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.
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