Zebra Technologies (ZBRA) Given Consensus Recommendation of “Buy” by Analysts

Zebra Technologies (NASDAQ:ZBRA) has earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $170.75.

A number of research firms have issued reports on ZBRA. BidaskClub cut shares of Zebra Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 16th. Imperial Capital raised their price target on shares of Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 price target on shares of Zebra Technologies in a report on Friday, September 21st. Needham & Company LLC raised their price target on shares of Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Wellington Shields cut shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a report on Friday, September 14th.

NASDAQ:ZBRA traded up $3.12 during midday trading on Friday, reaching $178.48. 26,625 shares of the stock traded hands, compared to its average volume of 288,551. Zebra Technologies has a 12-month low of $101.49 and a 12-month high of $179.47. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 27.85 and a beta of 1.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $2.48 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.25. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $990.09 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. analysts expect that Zebra Technologies will post 9.62 EPS for the current year.

In other news, SVP Michael H. Terzich sold 3,097 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $162.16, for a total value of $502,209.52. Following the sale, the senior vice president now owns 31,193 shares in the company, valued at $5,058,256.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anders Gustafsson sold 11,588 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $169.06, for a total transaction of $1,959,067.28. Following the completion of the sale, the chief executive officer now owns 314,092 shares in the company, valued at approximately $53,100,393.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,538 shares of company stock valued at $9,817,605. Corporate insiders own 2.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Zebra Technologies by 3.8% in the second quarter. BlackRock Inc. now owns 4,634,346 shares of the industrial products company’s stock worth $663,870,000 after acquiring an additional 167,854 shares during the period. Wells Fargo & Company MN increased its stake in shares of Zebra Technologies by 30.6% in the second quarter. Wells Fargo & Company MN now owns 925,207 shares of the industrial products company’s stock worth $132,535,000 after acquiring an additional 216,621 shares during the period. Franklin Resources Inc. increased its stake in shares of Zebra Technologies by 3.2% in the first quarter. Franklin Resources Inc. now owns 766,035 shares of the industrial products company’s stock worth $106,625,000 after acquiring an additional 23,535 shares during the period. Columbus Circle Investors increased its stake in shares of Zebra Technologies by 76.3% in the second quarter. Columbus Circle Investors now owns 586,742 shares of the industrial products company’s stock worth $84,051,000 after acquiring an additional 253,867 shares during the period. Finally, Select Equity Group L.P. acquired a new stake in shares of Zebra Technologies in the first quarter worth $72,553,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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