Zebra Technologies (NASDAQ:ZBRA) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a strong-buy rating in a research report released on Monday,Wall Street Zen reports.

ZBRA has been the topic of a number of other research reports. UBS Group reissued a “buy” rating on shares of Zebra Technologies in a research note on Wednesday, August 5th. BNP Paribas Exane restated an “outperform” rating and issued a $455.00 target price (up from $370.00) on shares of Zebra Technologies in a report on Wednesday, August 5th. Zacks Research downgraded Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. TD Cowen raised their target price on Zebra Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, KeyCorp lifted their price target on Zebra Technologies from $305.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $385.83.

Zebra Technologies Trading Down 0.0%

ZBRA opened at $361.13 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.52 and a quick ratio of 0.33. The company’s 50 day simple moving average is $367.39 and its two-hundred day simple moving average is $280.91. Zebra Technologies has a 1-year low of $199.05 and a 1-year high of $392.78. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 24.00 and a beta of 1.58.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $6.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $1.99. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $3.61 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Analysts expect that Zebra Technologies will post 18.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda Connly sold 500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $377.68, for a total value of $188,840.00. Following the transaction, the director directly owned 3,708 shares in the company, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Cho sold 3,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $375.20, for a total value of $1,313,200.00. Following the completion of the transaction, the insider owned 5,170 shares of the company’s stock, valued at $1,939,784. The trade was a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zebra Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Zebra Technologies by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,319 shares of the industrial products company’s stock worth $228,958,000 after purchasing an additional 1,956 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Zebra Technologies by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company’s stock worth $143,473,000 after purchasing an additional 185,387 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Zebra Technologies by 3.4% in the 1st quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company’s stock valued at $130,459,000 after buying an additional 20,567 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Zebra Technologies by 111.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company’s stock valued at $104,671,000 after buying an additional 264,015 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Zebra Technologies by 34.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 256,025 shares of the industrial products company’s stock valued at $95,577,000 after buying an additional 65,320 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.