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. “
ZBRA has been the topic of several other reports. JPMorgan Chase & Co. reissued a buy rating on shares of Zebra Technologies Corp. in a report on Tuesday, September 20th. Vetr lowered shares of Zebra Technologies Corp. from a sell rating to a strong sell rating and set a $59.55 price target on the stock. in a report on Monday, August 22nd. Imperial Capital lifted their price target on shares of Zebra Technologies Corp. from $65.00 to $75.00 and gave the stock an outperform rating in a report on Monday. Barrington Research reaffirmed an outperform rating and issued a $75.00 price target on shares of Zebra Technologies Corp. in a report on Wednesday, August 10th. Finally, Northcoast Research lowered shares of Zebra Technologies Corp. from a buy rating to a neutral rating in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Zebra Technologies Corp. has a consensus rating of Hold and an average target price of $76.17.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 3.658% during trading on Wednesday, reaching $64.135. The company had a trading volume of 96,271 shares. The company’s 50 day moving average is $68.81 and its 200-day moving average is $60.55. Zebra Technologies Corp. has a 1-year low of $46.13 and a 1-year high of $83.02. The stock’s market capitalization is $3.38 billion.
Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.28. The company had revenue of $879 million for the quarter, compared to analyst estimates of $869.19 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. Zebra Technologies Corp.’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. On average, equities research analysts anticipate that Zebra Technologies Corp. will post $5.46 earnings per share for the current year.
In related news, SVP Michael Cho sold 1,850 shares of the business’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 completion of the transaction, the senior vice president now directly owns 11,004 shares in the company, valued at $754,434.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael H. Terzich sold 8,819 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $68.07, for a total transaction of $600,309.33. Following the transaction, the senior vice president now owns 40,834 shares of the company’s stock, valued at $2,779,570.38. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ZBRA. Capital Research Global Investors increased its position in Zebra Technologies Corp. by 3.7% in the second quarter. Capital Research Global Investors now owns 5,736,827 shares of the company’s stock worth $287,415,000 after buying an additional 205,805 shares in the last quarter. Vanguard Group Inc. increased its position in Zebra Technologies Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 3,670,795 shares of the company’s stock worth $183,907,000 after buying an additional 44,993 shares in the last quarter. BlackRock Fund Advisors increased its position in Zebra Technologies Corp. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 1,880,948 shares of the company’s stock worth $94,235,000 after buying an additional 98,767 shares in the last quarter. Janus Capital Management LLC increased its position in Zebra Technologies Corp. by 7.2% in the second quarter. Janus Capital Management LLC now owns 1,856,673 shares of the company’s stock worth $93,019,000 after buying an additional 124,926 shares in the last quarter. Finally, Brookside Capital Management LLC increased its position in Zebra Technologies Corp. by 13.4% in the first quarter. Brookside Capital Management LLC now owns 1,758,765 shares of the company’s stock worth $121,355,000 after buying an additional 207,896 shares in the last quarter.
About Zebra Technologies Corp.
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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