Zebra Technologies (ZBRA) Downgraded to Hold at 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 on Saturday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently commented on ZBRA. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Berenberg Bank began coverage on Zebra Technologies in a research note on Thursday, March 7th. They set a “buy” rating and a $250.00 price objective for the company. Imperial Capital reaffirmed an “outperform” rating and set a $230.00 price objective (up from $225.00) on shares of Zebra Technologies in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised Zebra Technologies to an “overweight” rating and lifted their price objective for the stock from $212.00 to $225.00 in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Zebra Technologies has a consensus rating of “Buy” and an average target price of $215.75.

Shares of Zebra Technologies stock traded down $10.90 during trading on Friday, reaching $179.12. 812,914 shares of the company were exchanged, compared to its average volume of 669,974. The company has a quick ratio of 0.55, a current ratio of 1.00 and a debt-to-equity ratio of 1.09. Zebra Technologies has a twelve month low of $136.16 and a twelve month high of $237.15. The stock has a market cap of $10.26 billion, a PE ratio of 17.51 and a beta of 1.42.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that Zebra Technologies will post 11.82 EPS for the current fiscal year.

In other Zebra Technologies news, CMO Jeffrey F. Schmitz sold 1,382 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the completion of the transaction, the chief marketing officer now directly owns 10,748 shares of the company’s stock, valued at $2,288,786.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bill Burns sold 2,297 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $212.41, for a total value of $487,905.77. Following the completion of the transaction, the senior vice president now directly owns 33,536 shares of the company’s stock, valued at $7,123,381.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,894 shares of company stock valued at $23,721,363. Insiders own 1.77% of the company’s stock.

Large investors have recently bought and sold shares of the business. Trust Co. of Vermont grew its stake in Zebra Technologies by 125.0% in the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 75 shares during the period. PRW Wealth Management LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $29,000. Lindbrook Capital LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $35,000. Huntington National Bank lifted its holdings in shares of Zebra Technologies by 62.9% in the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 78 shares in the last quarter. Finally, Trustcore Financial Services LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at about $42,000. 88.59% of the stock is owned by hedge funds and other institutional investors.

About Zebra Technologies

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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