Zebra Technologies (ZBRA) Upgraded to Hold at BidaskClub
Zebra Technologies (NASDAQ:ZBRA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
ZBRA has been the topic of a number of other research reports. Imperial Capital upgraded shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the company from $95.00 to $120.00 in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Zebra Technologies to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Finally, Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Zebra Technologies currently has an average rating of “Buy” and an average target price of $114.88.
Shares of Zebra Technologies (NASDAQ:ZBRA) traded up $1.68 during trading hours on Friday, reaching $109.54. 301,811 shares of the company were exchanged, compared to its average volume of 244,497. The company has a market capitalization of $5,736.96, a PE ratio of 185.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. Zebra Technologies has a fifty-two week low of $81.02 and a fifty-two week high of $117.44.
In other Zebra Technologies news, Director Frank Blaise Modruson purchased 1,540 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the acquisition, the director now owns 12,556 shares in the company, valued at $1,304,317.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZBRA. Fieldpoint Private Securities LLC bought a new position in Zebra Technologies during the second quarter worth $136,000. Advisor Group Inc. raised its stake in Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after buying an additional 13 shares during the last quarter. Zions Bancorporation bought a new position in Zebra Technologies during the third quarter worth $180,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Zebra Technologies by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after buying an additional 71 shares during the last quarter. Finally, ARP Americas LLC bought a new position in Zebra Technologies during the third quarter worth $202,000. 89.64% of the stock is owned by institutional investors and hedge funds.
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About Zebra Technologies
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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