Zebra Technologies (NASDAQ:ZBRA) Upgraded at Cfra

Cfra upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat reports.

Several other research firms also recently commented on ZBRA. Weiss Ratings raised shares of Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Morgan Stanley raised their target price on shares of Zebra Technologies from $360.00 to $380.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup restated a “buy” rating on shares of Zebra Technologies in a research report on Monday, October 12th. Wall Street Zen upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $317.00 price target on shares of Zebra Technologies in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $388.67.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded up $0.38 on Wednesday, hitting $322.02. 777,440 shares of the company were exchanged, compared to its average volume of 528,588. The firm has a market capitalization of $15.34 billion, a P/E ratio of 25.99 and a beta of 1.61. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. Zebra Technologies has a 1-year low of $199.05 and a 1-year high of $392.78. The stock’s 50 day moving average price is $364.61 and its 200 day moving average price is $282.38.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.06. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business posted $3.88 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. Sell-side analysts predict that Zebra Technologies will post 18.13 EPS for the current year.

Insider Buying and Selling

In other news, Director Linda Connly sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $377.68, for a total transaction of $188,840.00. Following the sale, the director owned 3,708 shares of the company’s stock, valued at $1,400,437.44. This trade represents a 11.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Zebra Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Aberdeen Group plc increased its holdings in Zebra Technologies by 8,890.2% in the third quarter. Aberdeen Group plc now owns 388,019 shares of the industrial products company’s stock valued at $144,851,000 after buying an additional 383,703 shares in the last quarter. Swedbank AB raised its holdings in Zebra Technologies by 958.0% in the 1st quarter. Swedbank AB now owns 417,898 shares of the industrial products company’s stock worth $87,374,000 after purchasing an additional 378,400 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 worth $104,671,000 after purchasing an additional 264,015 shares during the period. Renaissance Technologies LLC boosted its position in Zebra Technologies by 415.3% during the first quarter. Renaissance Technologies LLC now owns 288,311 shares of the industrial products company’s stock worth $60,280,000 after purchasing an additional 232,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Zebra Technologies by 37.0% during the first 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 in the last quarter. Institutional investors and hedge funds 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.