Zebra Technologies Corp. (NASDAQ:ZBRA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems. “
Other equities research analysts have also recently issued reports about the stock. Credit Agricole SA assumed coverage on shares of Zebra Technologies Corp. in a research report on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 target price for the company. Vetr cut shares of Zebra Technologies Corp. from a “hold” rating to a “sell” rating and set a $59.55 target price for the company. in a research report on Tuesday, August 9th. Wellington Shields raised shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, August 9th. Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 target price (down from $110.00) on shares of Zebra Technologies Corp. in a research report on Tuesday, July 12th. Finally, Northcoast Research cut shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Zebra Technologies Corp. has a consensus rating of “Hold” and a consensus target price of $76.17.
Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 64.88 on Wednesday. The stock’s market capitalization is $3.42 billion. The company’s 50-day moving average is $68.69 and its 200 day moving average is $60.58. Zebra Technologies Corp. has a 12-month low of $46.13 and a 12-month high of $83.02.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 9th. The company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.28. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The firm earned $879 million during the quarter, compared to analysts’ expectations of $869.19 million. During the same period last year, the company posted $1.05 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts expect that Zebra Technologies Corp. will post $5.46 earnings per share for the current fiscal year.
In other Zebra Technologies Corp. news, SVP Jim L. Kaput sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $64.83, for a total transaction of $324,150.00. Following the completion of the sale, the senior vice president now directly owns 30,103 shares in the company, valued at approximately $1,951,577.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jim L. Kaput acquired 3,457 shares of Zebra Technologies Corp. stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $68.22 per share, with a total value of $235,836.54. Following the completion of the purchase, the senior vice president now owns 25,103 shares in the company, valued at approximately $1,712,526.66. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Zebra Technologies Corp. by 41.0% in the first quarter. Aperio Group LLC now owns 14,578 shares of the company’s stock worth $1,006,000 after buying an additional 4,236 shares in the last quarter. Prudential Financial Inc. raised its stake in Zebra Technologies Corp. by 626.1% in the first quarter. Prudential Financial Inc. now owns 229,496 shares of the company’s stock worth $15,835,000 after buying an additional 197,890 shares in the last quarter. BlackRock Group LTD raised its stake in Zebra Technologies Corp. by 11.6% in the first quarter. BlackRock Group LTD now owns 43,922 shares of the company’s stock worth $3,031,000 after buying an additional 4,564 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Zebra Technologies Corp. during the first quarter worth $532,000. Finally, 1832 Asset Management L.P. raised its stake in Zebra Technologies Corp. by 10.5% in the first quarter. 1832 Asset Management L.P. now owns 73,800 shares of the company’s stock worth $8,439,000 after buying an additional 7,000 shares in the last quarter.
About Zebra Technologies Corp.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
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