According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “
Other equities analysts also recently issued research reports about the stock. Atlantic Securities began coverage on shares of Zebra Technologies in a report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price target for the company. BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. Imperial Capital reaffirmed an “outperform” rating and issued a $245.00 price objective (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Wellington Shields downgraded shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. Finally, ValuEngine downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Zebra Technologies currently has an average rating of “Hold” and a consensus price target of $227.00.
Shares of ZBRA traded up $3.74 during midday trading on Friday, hitting $194.60. 402,920 shares of the stock traded hands, compared to its average volume of 332,058. Zebra Technologies has a 1-year low of $140.95 and a 1-year high of $237.15. The firm has a market capitalization of $10.37 billion, a PE ratio of 19.02 and a beta of 1.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. The business’s 50 day moving average price is $202.23 and its two-hundred day moving average price is $202.03.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.32. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies will post 12.04 EPS for the current fiscal year.
In related news, CAO Colleen M. O’sullivan sold 1,549 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $196.00, for a total value of $303,604.00. Following the completion of the sale, the chief accounting officer now owns 4,664 shares of the company’s stock, valued at $914,144. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anders Gustafsson sold 19,650 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $211.36, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 23,177 shares of company stock valued at $4,865,483 in the last ninety days. Corporate insiders own 1.77% of the company’s stock.
A number of institutional investors have recently modified their holdings of ZBRA. Shamrock Asset Management LLC bought a new stake in Zebra Technologies in the second quarter worth about $35,000. Bessemer Group Inc. raised its holdings in Zebra Technologies by 451.5% during the 2nd quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after buying an additional 149 shares during the period. North Star Investment Management Corp. acquired a new stake in Zebra Technologies during the 3rd quarter worth about $41,000. AdvisorNet Financial Inc raised its holdings in Zebra Technologies by 58.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 427 shares of the industrial products company’s stock worth $89,000 after buying an additional 157 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Zebra Technologies during the 2nd quarter worth about $89,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.
Zebra Technologies Company Profile
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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