Zebra Technologies (NASDAQ:ZBRA – Get Rating) had its target price lowered by Credit Suisse Group from $326.00 to $295.00 in a research report released on Wednesday morning, The Fly reports.
A number of other equity research analysts also recently weighed in on ZBRA. Needham & Company LLC raised their price target on Zebra Technologies from $330.00 to $385.00 and gave the stock a buy rating in a research note on Friday, February 17th. Stephens raised their price target on Zebra Technologies from $350.00 to $400.00 and gave the stock an overweight rating in a research note on Tuesday, February 21st. StockNews.com began coverage on Zebra Technologies in a research note on Thursday, March 16th. They set a hold rating for the company. Finally, TD Cowen started coverage on Zebra Technologies in a research note on Thursday, March 30th. They set an outperform rating and a $375.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $348.14.
Zebra Technologies Stock Up 1.2 %
Shares of Zebra Technologies stock opened at $258.50 on Wednesday. The stock has a 50-day moving average price of $294.91 and a 200-day moving average price of $283.02. The company has a market cap of $13.29 billion, a P/E ratio of 20.63 and a beta of 1.67. The company has a current ratio of 0.81, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. Zebra Technologies has a 1 year low of $224.87 and a 1 year high of $370.90.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The industrial products company reported earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.16. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Zebra Technologies has a return on equity of 31.19% and a net margin of 8.01%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.21 EPS. As a group, analysts expect that Zebra Technologies will post 16.02 EPS for the current fiscal year.
Insider Buying and Selling at Zebra Technologies
In other Zebra Technologies news, insider Michael Cho sold 1,600 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $292.38, for a total transaction of $467,808.00. Following the transaction, the insider now directly owns 3,168 shares in the company, valued at approximately $926,259.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Czech National Bank lifted its position in Zebra Technologies by 0.6% during the 1st quarter. Czech National Bank now owns 6,082 shares of the industrial products company’s stock valued at $1,934,000 after purchasing an additional 39 shares during the period. Veriti Management LLC increased its stake in shares of Zebra Technologies by 3.9% in the 4th quarter. Veriti Management LLC now owns 1,062 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 40 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Zebra Technologies by 3.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,339 shares of the industrial products company’s stock valued at $426,000 after acquiring an additional 40 shares during the last quarter. The Ontario Teachers Pension Plan Board increased its stake in shares of Zebra Technologies by 2.6% in the 1st quarter. The Ontario Teachers Pension Plan Board now owns 1,603 shares of the industrial products company’s stock valued at $663,000 after acquiring an additional 41 shares during the last quarter. Finally, Optas LLC increased its stake in shares of Zebra Technologies by 2.6% in the 3rd quarter. Optas LLC now owns 1,635 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 42 shares during the last quarter. 85.16% of the stock is currently owned by institutional investors and hedge funds.
About Zebra Technologies
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Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.
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