Zebra Technologies (NASDAQ:ZBRA) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a research note published on Friday morning, BidAskClub reports.

ZBRA has been the subject of several other reports. ValuEngine upgraded Zebra Technologies from a hold rating to a buy rating in a research report on Wednesday, July 31st. Imperial Capital reaffirmed an outperform rating and set a $245.00 price target (up previously from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. Zacks Investment Research lowered Zebra Technologies from a hold rating to a sell rating in a research report on Saturday, July 20th. Finally, Wellington Shields lowered Zebra Technologies from a gradually accumulate rating to a hold rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $217.25.

ZBRA opened at $199.67 on Friday. The firm has a market capitalization of $10.78 billion, a PE ratio of 19.52 and a beta of 1.61. The company has a fifty day moving average of $200.64. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 1.07. Zebra Technologies has a 12-month low of $140.95 and a 12-month high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.32. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 earnings per share. On average, sell-side analysts predict that Zebra Technologies will post 12.03 earnings per share for the current year.

In related news, CFO Olivier Leonetti sold 3,500 shares of Zebra Technologies stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $195.00, for a total value of $682,500.00. Following the completion of the transaction, the chief financial officer now directly owns 22,387 shares of the company’s stock, valued at $4,365,465. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bill Burns sold 5,000 shares of Zebra Technologies stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $201.05, for a total value of $1,005,250.00. Following the completion of the transaction, the senior vice president now directly owns 23,968 shares of the company’s stock, valued at $4,818,766.40. The disclosure for this sale can be found here. Insiders sold 45,504 shares of company stock valued at $9,016,997 over the last ninety days. 1.77% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in ZBRA. Comerica Securities Inc. boosted its stake in Zebra Technologies by 13.0% during the 4th quarter. Comerica Securities Inc. now owns 1,437 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 165 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $214,000. Geode Capital Management LLC grew its position in shares of Zebra Technologies by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 623,963 shares of the industrial products company’s stock worth $99,353,000 after buying an additional 68,355 shares during the period. Macquarie Group Ltd. grew its position in shares of Zebra Technologies by 5.9% during the 4th quarter. Macquarie Group Ltd. now owns 53,819 shares of the industrial products company’s stock worth $8,570,000 after buying an additional 3,000 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of Zebra Technologies by 33.3% during the 4th quarter. Advisory Services Network LLC now owns 316 shares of the industrial products company’s stock worth $50,000 after buying an additional 79 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

Further Reading: Rule of 72

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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