Zebra Technologies (NASDAQ:ZBRA) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a report issued on Friday morning, Zacks.com reports. They currently have $228.00 price objective on the industrial products company’s stock.

According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “

ZBRA has been the topic of several other research reports. ValuEngine cut shares of Zebra Technologies from a buy rating to a hold rating in a research report on Monday, May 13th. Berenberg Bank started coverage on shares of Zebra Technologies in a research report on Thursday, March 7th. They set a buy rating and a $250.00 target price on the stock. JPMorgan Chase & Co. raised shares of Zebra Technologies to an overweight rating and lifted their target price for the stock from $212.00 to $225.00 in a research report on Friday, March 15th. Needham & Company LLC reissued a buy rating and set a $225.00 target price (up previously from $215.00) on shares of Zebra Technologies in a research report on Thursday, March 7th. Finally, BidaskClub cut shares of Zebra Technologies from a hold rating to a sell rating in a research report on Friday, May 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $215.38.

ZBRA stock opened at $209.49 on Friday. The firm has a market cap of $11.21 billion, a P/E ratio of 20.48 and a beta of 1.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 0.55. Zebra Technologies has a 52-week low of $136.16 and a 52-week high of $237.15. The company’s 50-day moving average is $186.46.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $1.07 billion during 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%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.56 EPS. Equities research analysts expect that Zebra Technologies will post 11.82 earnings per share for the current year.

In related news, CFO Olivier Leonetti sold 3,810 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $201.09, for a total value of $766,152.90. Following the sale, the chief financial officer now owns 18,887 shares of the company’s stock, valued at approximately $3,797,986.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael H. Terzich sold 9,175 shares of Zebra Technologies stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $194.11, for a total transaction of $1,780,959.25. Following the completion of the sale, the senior vice president now directly owns 35,553 shares in the company, valued at approximately $6,901,192.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,504 shares of company stock worth $9,016,997. Insiders own 1.77% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. grew its stake in Zebra Technologies by 77.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 115,647 shares of the industrial products company’s stock valued at $24,231,000 after buying an additional 50,627 shares in the last quarter. FMR LLC grew its stake in Zebra Technologies by 34.3% in the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after buying an additional 829,462 shares in the last quarter. Cleararc Capital Inc. purchased a new position in Zebra Technologies in the 1st quarter valued at approximately $290,000. Advisory Services Network LLC grew its stake in Zebra Technologies by 1,625.6% in the 1st quarter. Advisory Services Network LLC now owns 5,453 shares of the industrial products company’s stock valued at $1,143,000 after buying an additional 5,137 shares in the last quarter. Finally, Holderness Investments Co. purchased a new position in Zebra Technologies in the 1st quarter valued at approximately $220,000. 87.32% of the stock is currently owned by institutional investors.

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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