Zebra Technologies (NASDAQ:ZBRA) Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a research note issued to investors on Saturday, BidAskClub reports.

Several other equities analysts have also recently weighed in on ZBRA. JPMorgan Chase & Co. cut Zebra Technologies from an overweight rating to a neutral rating and raised their price target for the company from $245.00 to $250.00 in a report on Thursday, April 30th. They noted that the move was a valuation call. ValuEngine upgraded Zebra Technologies from a sell rating to a hold rating in a report on Tuesday, March 3rd. Robert W. Baird lifted their target price on Zebra Technologies from $202.00 to $230.00 and gave the stock an outperform rating in a report on Wednesday, April 29th. Northcoast Research cut Zebra Technologies from a buy rating to a neutral rating and set a $240.00 target price for the company. in a report on Thursday, April 30th. Finally, Morgan Stanley lifted their target price on Zebra Technologies from $203.00 to $217.00 and gave the stock an equal weight rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Zebra Technologies presently has an average rating of Hold and an average price target of $238.14.

NASDAQ:ZBRA opened at $255.95 on Friday. The stock has a market capitalization of $13.59 billion, a P/E ratio of 26.94 and a beta of 1.67. The stock has a 50-day moving average price of $252.82 and a 200 day moving average price of $232.42. The company has a current ratio of 0.85, a quick ratio of 0.49 and a debt-to-equity ratio of 0.73. Zebra Technologies has a 12-month low of $150.06 and a 12-month high of $278.60.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.03. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Zebra Technologies had a return on equity of 38.08% and a net margin of 11.59%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.92 EPS. On average, research analysts predict that Zebra Technologies will post 9.59 earnings per share for the current fiscal year.

In related news, CAO Colleen M. O’sullivan sold 3,628 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $258.48, for a total transaction of $937,765.44. Following the completion of the sale, the chief accounting officer now directly owns 2,801 shares of the company’s stock, valued at approximately $724,002.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen Edgar Williams sold 572 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $223.14, for a total value of $127,636.08. Following the sale, the senior vice president now directly owns 5,377 shares of the company’s stock, valued at $1,199,823.78. The disclosure for this sale can be found here. Insiders have sold a total of 26,588 shares of company stock valued at $6,617,390 over the last three months. 2.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its position in Zebra Technologies by 169.2% during the 1st quarter. Parallel Advisors LLC now owns 140 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 88 shares in the last quarter. Lenox Wealth Advisors LLC raised its position in Zebra Technologies by 85.9% during the 1st quarter. Lenox Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 67 shares in the last quarter. Quantbot Technologies LP bought a new stake in Zebra Technologies during the 4th quarter valued at $28,000. Point72 Hong Kong Ltd bought a new stake in Zebra Technologies during the 4th quarter valued at $31,000. Finally, Smithfield Trust Co. raised its position in Zebra Technologies by 263.8% during the 1st quarter. Smithfield Trust Co. now owns 171 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. 87.56% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: What are economic reports?

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.