Zebra Technologies Corp. (ZBRA) Downgraded by Zacks Investment Research to Hold
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 research analysts also recently issued research reports about the company. Vetr downgraded Zebra Technologies Corp. from a strong-buy rating to a buy rating and set a $63.50 price target on the stock. in a report on Monday, June 20th. Credit Agricole SA started coverage on Zebra Technologies Corp. in a report on Wednesday, August 3rd. They set a buy rating and a $74.00 price target on the stock. JPMorgan Chase & Co. restated a buy rating on shares of Zebra Technologies Corp. in a report on Tuesday, September 20th. Wellington Shields upgraded Zebra Technologies Corp. from a hold rating to a gradually accumulate rating in a report on Tuesday, August 9th. Finally, Northcoast Research downgraded Zebra Technologies Corp. from a buy rating to a neutral rating in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $76.17.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 3.658% on Wednesday, hitting $64.135. The stock had a trading volume of 96,271 shares. The stock has a 50 day moving average price of $68.81 and a 200 day moving average price of $60.55. The company’s market cap is $3.38 billion. Zebra Technologies Corp. has a 1-year low of $46.13 and a 1-year high of $83.02.
Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.28. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. The company had revenue of $879 million for the quarter, compared to the consensus estimate of $869.19 million. During the same quarter in the previous year, the business earned $1.05 EPS. Zebra Technologies Corp.’s 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 EPS for the current fiscal year.
In other news, SVP Jim L. Kaput purchased 3,457 shares of the stock in a transaction dated Thursday, September 8th. The shares were purchased at an average cost of $68.22 per share, with a total value of $235,836.54. Following the acquisition, the senior vice president now directly owns 25,103 shares of the company’s stock, valued at $1,712,526.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael Cho sold 1,850 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total value of $126,836.00. Following the transaction, the senior vice president now directly owns 11,004 shares in the company, valued at $754,434.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ZBRA. LS Investment Advisors LLC boosted its position in Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock valued at $158,000 after buying an additional 1,312 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Zebra Technologies Corp. during the second quarter valued at $160,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Zebra Technologies Corp. by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,034 shares of the company’s stock worth $202,000 after buying an additional 30 shares in the last quarter. King Luther Capital Management Corp bought a new position in shares of Zebra Technologies Corp. during the second quarter worth approximately $225,000. Finally, LaSalle Street Capital Management LLC boosted its position in shares of Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock worth $226,000 after buying an additional 152 shares in the last quarter.
Zebra Technologies Corp. Company Profile
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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