Zebra Technologies Corporation (ZBRA) Receives Consensus Rating of “Hold” from Brokerages

Zebra Technologies Corporation (NASDAQ:ZBRA) has earned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $101.40.

Several research analysts have commented on ZBRA shares. Needham & Company LLC restated a “buy” rating and issued a $107.00 target price on shares of Zebra Technologies Corporation in a research note on Monday, May 22nd. BidaskClub downgraded Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Wednesday, June 28th. ValuEngine upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley downgraded Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call.

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Zebra Technologies Corporation (NASDAQ ZBRA) traded up 0.31% during trading on Tuesday, reaching $103.45. 187,467 shares of the company’s stock were exchanged. The firm’s market cap is $5.49 billion. The firm’s 50-day moving average price is $101.91 and its 200-day moving average price is $98.04. Zebra Technologies Corporation has a 12 month low of $62.91 and a 12 month high of $109.30.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The company had revenue of $897.00 million during the quarter, compared to analyst estimates of $876.90 million. During the same quarter last year, the firm posted $1.34 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Zebra Technologies Corporation will post $6.67 EPS for the current year.

In related news, SVP Hugh K. Gagnier sold 20,682 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total value of $2,200,978.44. Following the completion of the sale, the senior vice president now owns 39,072 shares in the company, valued at approximately $4,158,042.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anders Gustafsson sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total value of $2,651,000.00. Following the completion of the sale, the chief executive officer now owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC lifted its position in Zebra Technologies Corporation by 3.8% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock worth $120,000 after buying an additional 48 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in Zebra Technologies Corporation in the 2nd quarter worth approximately $136,000. Quantbot Technologies LP bought a new stake in Zebra Technologies Corporation in the 1st quarter worth approximately $140,000. Advisor Group Inc. lifted its position in Zebra Technologies Corporation by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after buying an additional 13 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its position in Zebra Technologies Corporation by 3.8% in the 1st quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock worth $165,000 after buying an additional 66 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Zebra Technologies Corporation Company Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

Analyst Recommendations for Zebra Technologies Corporation (NASDAQ:ZBRA)

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