Zebra Technologies (NASDAQ:ZBRA) Given a $200.00 Price Target by Northcoast Research Analysts

Northcoast Research set a $200.00 price objective on Zebra Technologies (NASDAQ:ZBRA) in a research report sent to investors on Tuesday, August 7th. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a buy rating on shares of Zebra Technologies in a report on Friday, July 6th. Morgan Stanley raised their target price on shares of Zebra Technologies from $125.00 to $135.00 and gave the stock an equal weight rating in a report on Wednesday, May 9th. TheStreet raised shares of Zebra Technologies from a c+ rating to a b rating in a report on Tuesday, May 8th. BidaskClub cut shares of Zebra Technologies from a buy rating to a hold rating in a report on Friday, June 22nd. Finally, Zacks Investment Research cut shares of Zebra Technologies from a strong-buy rating to a hold rating in a report on Monday, July 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Zebra Technologies has an average rating of Buy and a consensus price target of $164.00.

NASDAQ:ZBRA traded up $1.44 during mid-day trading on Tuesday, hitting $171.74. The stock had a trading volume of 172,800 shares, compared to its average volume of 390,633. The company has a market capitalization of $9.13 billion, a P/E ratio of 26.86 and a beta of 1.46. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 1.09. Zebra Technologies has a twelve month low of $99.59 and a twelve month high of $172.04.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $990.09 million. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. During the same period in the prior year, the firm earned $1.51 EPS. equities analysts forecast that Zebra Technologies will post 9.69 earnings per share for the current year.

In related news, SVP Hugh K. Gagnier sold 8,409 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $168.89, for a total value of $1,420,196.01. Following the transaction, the senior vice president now directly owns 14,682 shares of the company’s stock, valued at $2,479,642.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 24,916 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the sale, the chief executive officer now owns 314,092 shares in the company, valued at approximately $51,244,109.80. The disclosure for this sale can be found here. Insiders sold 62,538 shares of company stock worth $10,262,505 over the last three months. 2.30% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Psagot Investment House Ltd. acquired a new stake in Zebra Technologies in the second quarter valued at approximately $129,000. Synovus Financial Corp acquired a new stake in Zebra Technologies in the second quarter valued at approximately $148,000. Optimum Investment Advisors acquired a new stake in Zebra Technologies in the first quarter valued at approximately $151,000. Moneta Group Investment Advisors LLC acquired a new stake in Zebra Technologies in the second quarter valued at approximately $158,000. Finally, Cerebellum GP LLC acquired a new stake in Zebra Technologies in the second quarter valued at approximately $172,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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