Zebra Technologies Corporation (NASDAQ:ZBRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $130.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.08% from the company’s current price.

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. “

Other analysts have also recently issued research reports about the stock. Northcoast Research raised shares of Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. BidaskClub cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Barrington Research reissued an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $105.29.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate 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 $897.00 million during the quarter, compared to analysts’ expectations of $876.90 million. During the same quarter in the prior year, the company posted $1.34 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis.

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In related news, CEO Anders Gustafsson sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the completion of the transaction, the chief executive officer now owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the transaction, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at approximately $4,158,042.24. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. CAPROCK Group Inc. boosted its position in shares of Zebra Technologies Corporation by 0.3% during the 1st quarter. CAPROCK Group Inc. now owns 3,906 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 10 shares during the period. Advisor Group Inc. boosted its position in shares of Zebra Technologies Corporation by 0.8% during the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Zebra Technologies Corporation by 0.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,034 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 30 shares during the period. People s United Financial Inc. boosted its position in shares of Zebra Technologies Corporation by 0.3% during the 3rd quarter. People s United Financial Inc. now owns 14,660 shares of the industrial products company’s stock worth $1,020,000 after purchasing an additional 41 shares during the period. Finally, IBM Retirement Fund boosted its position in shares of Zebra Technologies Corporation by 0.8% during the 2nd quarter. IBM Retirement Fund now owns 5,236 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 43 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Zebra Technologies Corporation (NASDAQ:ZBRA)

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