Zebra Technologies Corporation (NASDAQ:ZBRA) had its target price boosted by J P Morgan Chase & Co to $132.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the industrial products company’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 20.76% from the stock’s current price.

ZBRA has been the topic of several other research reports. Northcoast Research raised shares of Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, October 12th. BidaskClub downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Needham & Company LLC reissued a “buy” rating and issued a $118.00 target price (up previously from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. Finally, Barrington Research reissued an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Zebra Technologies Corporation currently has a consensus rating of “Buy” and an average price target of $109.86.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded down $6.48 during trading hours on Tuesday, reaching $109.31. 1,275,540 shares of the company’s stock traded hands, compared to its average volume of 263,382. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.16 and a quick ratio of 0.73. Zebra Technologies Corporation has a twelve month low of $63.54 and a twelve month high of $117.44. The stock has a market capitalization of $5,760.00, a P/E ratio of 19.64, a P/E/G ratio of 2.45 and a beta of 1.62.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $914.98 million. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Zebra Technologies Corporation will post 6.23 EPS for the current year.

WARNING: This story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/11/07/zebra-technologies-corporation-zbra-price-target-increased-to-132-00-by-analysts-at-j-p-morgan-chase-co.html.

In related news, CEO Anders Gustafsson sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now owns 295,116 shares in the company, valued at $31,294,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the completion of the sale, the senior vice president now owns 39,072 shares in the company, valued at approximately $4,158,042.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ZBRA. JPMorgan Chase & Co. increased its position in Zebra Technologies Corporation by 5,002.4% in the first quarter. JPMorgan Chase & Co. now owns 38,064 shares of the industrial products company’s stock worth $3,474,000 after purchasing an additional 37,318 shares during the last quarter. FMR LLC increased its position in Zebra Technologies Corporation by 26.1% in the first quarter. FMR LLC now owns 362,224 shares of the industrial products company’s stock worth $33,053,000 after purchasing an additional 74,903 shares during the last quarter. Teachers Advisors LLC increased its position in Zebra Technologies Corporation by 14.1% in the first quarter. Teachers Advisors LLC now owns 54,638 shares of the industrial products company’s stock worth $4,986,000 after purchasing an additional 6,760 shares during the last quarter. Thrivent Financial For Lutherans increased its position in Zebra Technologies Corporation by 10.0% in the first quarter. Thrivent Financial For Lutherans now owns 9,900 shares of the industrial products company’s stock worth $903,000 after purchasing an additional 900 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Zebra Technologies Corporation by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 420,472 shares of the industrial products company’s stock worth $38,366,000 after purchasing an additional 39,589 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

About Zebra Technologies Corporation

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.

Analyst Recommendations for Zebra Technologies Corporation (NASDAQ:ZBRA)

Receive News & Stock Ratings for Zebra Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies Corporation and related stocks with our FREE daily email newsletter.