BidaskClub Downgrades Zebra Technologies (NASDAQ:ZBRA) to Hold

Zebra Technologies (NASDAQ:ZBRA) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other analysts have also recently weighed in on the company. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Zacks Investment Research reiterated a “sell” rating on shares of ZALANDO SE/ADR in a research report on Sunday, June 30th. Wellington Shields cut Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Friday, July 5th. Finally, Imperial Capital started coverage on SUNDANCE ENERGY/S in a research report on Thursday, May 2nd. They set an “outperform” rating and a $6.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Zebra Technologies has a consensus rating of “Buy” and an average target price of $215.38.

NASDAQ:ZBRA opened at $197.86 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is $196.65. Zebra Technologies has a 52 week low of $136.16 and a 52 week high of $237.15. The company has a market cap of $10.65 billion, a P/E ratio of 19.34 and a beta of 1.61.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results 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. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. Zebra Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 EPS. Analysts anticipate that Zebra Technologies will post 11.82 earnings per share for the current fiscal year.

In related news, CFO Olivier Leonetti sold 3,810 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $201.09, for a total value of $766,152.90. Following the sale, the chief financial officer now directly owns 18,887 shares in the company, valued at approximately $3,797,986.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey F. Schmitz sold 4,019 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $192.37, for a total value of $773,135.03. Following the completion of the sale, the senior vice president now owns 8,436 shares in the company, valued at $1,622,833.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,504 shares of company stock worth $9,016,997. 1.77% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont increased its position in Zebra Technologies by 125.0% in the 1st 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. Huntington National Bank increased its position in shares of Zebra Technologies by 62.9% during the 1st 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 during the period. Trustcore Financial Services LLC acquired a new position in shares of Zebra Technologies during the 1st quarter valued at $42,000. Executive Wealth Management LLC acquired a new position in shares of Zebra Technologies during the 4th quarter valued at $43,000. Finally, Advisory Services Network LLC increased 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 valued at $50,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

About Zebra Technologies

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: Cost of Debt

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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