Zebra Technologies (ZBRA) Lifted to “Buy” at ValuEngine

Zebra Technologies (NASDAQ:ZBRA) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities analysts also recently weighed in on ZBRA. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Thursday, November 2nd. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. Finally, Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $95.00 to $120.00 in a research note on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $115.88.

Zebra Technologies (ZBRA) opened at $120.73 on Friday. Zebra Technologies has a 1-year low of $82.43 and a 1-year high of $126.49. The stock has a market cap of $6,380.00, a PE ratio of 211.81, a P/E/G ratio of 2.18 and a beta of 1.67. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $914.98 million. During the same period last year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts predict that Zebra Technologies will post 6.37 earnings per share for the current fiscal year.

In other news, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frank Blaise Modruson purchased 1,540 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $103.88 per share, with a total value of $159,975.20. Following the transaction, the director now owns 12,556 shares in the company, valued at $1,304,317.28. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new position in Zebra Technologies during the second quarter valued at approximately $157,116,000. Wells Fargo & Company MN grew its holdings in Zebra Technologies by 107.7% during the third quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after purchasing an additional 411,035 shares during the period. Bank of New York Mellon Corp grew its holdings in Zebra Technologies by 22.0% during the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock valued at $196,784,000 after purchasing an additional 326,583 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in Zebra Technologies by 262.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 177,990 shares of the industrial products company’s stock valued at $17,891,000 after purchasing an additional 128,827 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Zebra Technologies during the fourth quarter valued at approximately $11,812,000. Institutional investors own 89.69% of the company’s stock.

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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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