Zebra Technologies (NASDAQ:ZBRA) Upgraded by StockNews.com to “Buy” Rating

by · The Cerbat Gem

Zebra Technologies (NASDAQ:ZBRA – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

ZBRA has been the topic of several other research reports. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday. Vertical Research started coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. Barclays raised their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday. Stephens boosted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Read Our Latest Research Report on Zebra Technologies

Zebra Technologies Stock Performance

Shares of ZBRA stock traded down $1.92 during mid-day trading on Thursday, hitting $381.97. 675,838 shares of the stock were exchanged, compared to its average volume of 360,851. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $394.57. The stock’s fifty day simple moving average is $358.62 and its two-hundred day simple moving average is $329.95. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business posted $3.24 earnings per share. Zebra Technologies’s revenue was up .2% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies will post 11.09 EPS for the current year.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after buying an additional 425,207 shares during the period. AXA S.A. grew its holdings in Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares during the period. Boston Partners increased its stake in Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after buying an additional 69,549 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after purchasing an additional 59,332 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Company Profile

(Get Free Report)

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

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