Zebra Technologies (ZBRA) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a report released on Monday, ValuEngine reports.

A number of other equities analysts also recently commented on ZBRA. BidaskClub upgraded Zebra Technologies from a buy rating to a strong-buy rating in a report on Thursday, January 17th. Wellington Shields downgraded Zebra Technologies from a buy rating to a gradually accumulate rating in a report on Monday, January 28th. Needham & Company LLC restated a buy rating and issued a $215.00 price objective (up previously from $192.00) on shares of Zebra Technologies in a report on Friday, February 15th. They noted that the move was a valuation call. Imperial Capital restated an outperform rating and issued a $225.00 price objective (up previously from $195.00) on shares of Zebra Technologies in a report on Thursday, February 21st. Finally, Zacks Investment Research upgraded Zebra Technologies from a hold rating to a strong-buy rating and set a $230.00 price objective on the stock in a report on Saturday, February 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $215.75.

NASDAQ:ZBRA opened at $185.18 on Monday. Zebra Technologies has a 52 week low of $136.16 and a 52 week high of $237.15. The company has a market capitalization of $9.77 billion, a P/E ratio of 18.10 and a beta of 1.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00.

Zebra Technologies (NASDAQ:ZBRA) last released 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Zebra Technologies will post 11.82 EPS for the current year.

In other Zebra Technologies news, CEO Anders Gustafsson sold 13,073 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $200.71, for a total transaction of $2,623,881.83. Following the completion of the sale, the chief executive officer now owns 372,903 shares of the company’s stock, valued at $74,845,361.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bill Burns sold 2,297 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $212.41, for a total value of $487,905.77. Following the sale, the senior vice president now directly owns 33,536 shares of the company’s stock, valued at approximately $7,123,381.76. The disclosure for this sale can be found here. Insiders have sold 114,894 shares of company stock valued at $23,721,363 in the last ninety days. Company insiders own 1.77% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc boosted its position in shares of Zebra Technologies by 5.1% in the third quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after acquiring an additional 263,478 shares during the period. BlackRock Inc. boosted its position in shares of Zebra Technologies by 1.0% in the first quarter. BlackRock Inc. now owns 4,901,533 shares of the industrial products company’s stock valued at $1,027,018,000 after acquiring an additional 50,197 shares during the period. FMR LLC boosted its position in shares of Zebra Technologies by 246.0% in the fourth quarter. FMR LLC now owns 2,418,244 shares of the industrial products company’s stock valued at $385,057,000 after acquiring an additional 1,719,358 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Zebra Technologies by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,307,834 shares of the industrial products company’s stock valued at $208,246,000 after acquiring an additional 45,303 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 14.1% in the first quarter. JPMorgan Chase & Co. now owns 1,119,049 shares of the industrial products company’s stock valued at $234,475,000 after acquiring an additional 138,669 shares during the period. 88.59% of the stock is owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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