A number of other equities analysts have also issued reports on ZBRA. Zacks Investment Research lowered Zebra Technologies from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Imperial Capital reissued an “outperform” rating and set a $245.00 price target (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Wellington Shields lowered Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $225.43.
Shares of ZBRA stock opened at $203.50 on Friday. The stock’s 50-day moving average is $201.55 and its two-hundred day moving average is $200.78. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 19.89 and a beta of 1.61. Zebra Technologies has a 1 year low of $140.95 and a 1 year high of $237.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.32. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.48 earnings per share. As a group, research analysts predict that Zebra Technologies will post 12.1 EPS for the current year.
In related news, CEO Anders Gustafsson sold 19,650 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $211.36, for a total value of $4,153,224.00. Following the completion of the sale, the chief executive officer now owns 283,533 shares in the company, valued at $59,927,534.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Olivier Leonetti sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $195.00, for a total transaction of $682,500.00. Following the completion of the sale, the chief financial officer now owns 22,387 shares of the company’s stock, valued at approximately $4,365,465. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,154 shares of company stock worth $13,170,221. Corporate insiders own 1.77% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Trust Co. of Vermont lifted its position in Zebra Technologies by 125.0% in the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Shamrock Asset Management LLC acquired a new stake in Zebra Technologies in the second quarter valued at about $35,000. Bessemer Group Inc. lifted its position in Zebra Technologies by 451.5% in the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 149 shares during the period. Trustcore Financial Services LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at approximately $42,000. Finally, Hall Laurie J Trustee lifted its position in shares of Zebra Technologies by 32.0% during the 1st quarter. Hall Laurie J Trustee now owns 330 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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