Zebra Technologies (ZBRA) Downgraded by Zacks Investment Research

Zebra Technologies (NASDAQ:ZBRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday. They currently have a $130.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.12% from the company’s current price.

According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “

Several other equities analysts have also issued reports on the company. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and upped their target price for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a report on Friday, November 10th. Finally, Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $114.88.

Shares of Zebra Technologies (NASDAQ ZBRA) traded up $1.38 on Friday, reaching $114.92. The company’s stock had a trading volume of 410,788 shares, compared to its average volume of 316,686. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. The company has a market cap of $6,110.00, a price-to-earnings ratio of 201.61, a P/E/G ratio of 2.04 and a beta of 1.67. Zebra Technologies has a 1 year low of $84.01 and a 1 year high of $126.49.

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

In related news, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the transaction, the senior vice president now owns 10,426 shares in the company, valued at $1,148,423.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. First Republic Investment Management Inc. lifted its position in shares of Zebra Technologies by 278.7% during the fourth quarter. First Republic Investment Management Inc. now owns 11,171 shares of the industrial products company’s stock worth $1,160,000 after acquiring an additional 8,221 shares in the last quarter. American International Group Inc. lifted its position in shares of Zebra Technologies by 1.4% during the fourth quarter. American International Group Inc. now owns 110,177 shares of the industrial products company’s stock worth $11,436,000 after acquiring an additional 1,529 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Zebra Technologies by 146.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 77,100 shares of the industrial products company’s stock worth $8,003,000 after acquiring an additional 45,800 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Zebra Technologies by 2.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 45,009 shares of the industrial products company’s stock worth $4,672,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Zebra Technologies by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,964,763 shares of the industrial products company’s stock worth $203,942,000 after acquiring an additional 152,422 shares in the last quarter. Hedge funds and other institutional investors own 89.73% 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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