Avondale Partners Upgrades Zebra Technologies Corp. (ZBRA) to Outperform
Zebra Technologies Corp. (NASDAQ:ZBRA) was upgraded by equities research analysts at Avondale Partners from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday.
A number of other brokerages also recently weighed in on ZBRA. Vetr downgraded shares of Zebra Technologies Corp. from a “sell” rating to a “strong sell” rating and set a $59.55 price objective on the stock. in a research report on Monday, August 22nd. Imperial Capital increased their price objective on shares of Zebra Technologies Corp. from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, October 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of Zebra Technologies Corp. in a research report on Tuesday, September 20th. Zacks Investment Research downgraded shares of Zebra Technologies Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $75.00 price target on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Zebra Technologies Corp. presently has a consensus rating of “Buy” and a consensus target price of $72.94.
Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 72.95 on Tuesday. The stock’s 50 day moving average is $67.10 and its 200-day moving average is $60.67. The stock’s market capitalization is $3.85 billion. Zebra Technologies Corp. has a 52-week low of $46.13 and a 52-week high of $81.00.
Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.02. The company had revenue of $904 million for the quarter. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. Equities research analysts anticipate that Zebra Technologies Corp. will post $5.47 EPS for the current fiscal year.
In other news, SVP Michael Cho sold 1,850 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total transaction of $126,836.00. Following the sale, the senior vice president now directly owns 11,004 shares in the company, valued at approximately $754,434.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jim L. Kaput acquired 3,457 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of $68.22 per share, for a total transaction of $235,836.54. Following the completion of the transaction, the senior vice president now directly owns 25,103 shares in the company, valued at $1,712,526.66. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in ZBRA. Scopia Capital Management LP bought a new position in Zebra Technologies Corp. during the third quarter valued at $118,650,000. Fuller & Thaler Asset Management Inc. bought a new position in Zebra Technologies Corp. during the second quarter valued at $67,797,000. CI Global Investments Inc. boosted its position in Zebra Technologies Corp. by 207.1% in the second quarter. CI Global Investments Inc. now owns 1,438,000 shares of the company’s stock valued at $72,044,000 after buying an additional 969,700 shares during the last quarter. Makaira Partners LLC boosted its position in Zebra Technologies Corp. by 126.6% in the second quarter. Makaira Partners LLC now owns 1,370,227 shares of the company’s stock valued at $68,648,000 after buying an additional 765,500 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Zebra Technologies Corp. during the third quarter valued at $41,671,000.
About Zebra Technologies Corp.
Zebra Technologies Corporation offers a range of solutions in the automatic information and data capture industry. The Company designs, manufactures and sells a range of products that capture and move data, including mobile computers; barcode scanners and imagers; radio frequency identification device (RFID) readers; specialty printers for barcode labelling and personal identification; real-time location systems (RTLS); related accessories and supplies, such as self-adhesive labels and other consumables, and software and services that are associated with these products.
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