Robert W. Baird reaffirmed their buy rating on shares of Zebra Technologies Corporation (NASDAQ:ZBRA) in a report released on Friday morning. They currently have a $125.00 price target on the industrial products company’s stock.
Several other equities analysts have also recently issued reports on ZBRA. Zacks Investment Research cut shares of Zebra Technologies Corporation from a buy rating to a hold rating in a research note on Thursday, July 20th. BidaskClub cut shares of Zebra Technologies Corporation from a buy rating to a hold rating in a report on Monday, July 24th. Needham & Company LLC reiterated a buy rating and issued a $118.00 target price (up from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. Barrington Research reiterated an outperform rating and issued a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday, August 15th. Finally, Northcoast Research upgraded shares of Zebra Technologies Corporation from a neutral rating to a buy rating in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $111.75.
Zebra Technologies Corporation (NASDAQ ZBRA) opened at $104.94 on Friday. The stock has a market cap of $5,554.00, a P/E ratio of 16.79, a PEG ratio of 2.21 and a beta of 1.62. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. Zebra Technologies Corporation has a 52 week low of $65.69 and a 52 week high of $117.44.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies Corporation had a net margin of 0.82% and a return on equity of 41.17%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. research analysts expect that Zebra Technologies Corporation will post 6.31 earnings per share for the current fiscal year.
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In related news, Director Frank Blaise Modruson purchased 1,540 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the acquisition, the director now owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Zebra Technologies Corporation by 16.8% during the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after purchasing an additional 695,821 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Zebra Technologies Corporation by 10.4% during the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after purchasing an additional 428,836 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Zebra Technologies Corporation by 22.0% during the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock worth $196,784,000 after purchasing an additional 326,583 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Zebra Technologies Corporation during the second quarter worth approximately $157,116,000. Finally, State Street Corp boosted its holdings in shares of Zebra Technologies Corporation by 1.4% during the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after purchasing an additional 18,299 shares during the period. Institutional investors and hedge funds own 90.93% 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.
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