Zebra Technologies (ZBRA) Downgraded to “Hold” at BidaskClub


BidaskClub downgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a report released on Friday.

Several other research firms have also issued reports on ZBRA. TheStreet raised Zebra Technologies from a c+ rating to a b rating in a report on Tuesday, May 8th. Needham & Company LLC boosted their price target on Zebra Technologies to $147.00 and gave the company a buy rating in a report on Friday, February 23rd. ValuEngine lowered Zebra Technologies from a strong-buy rating to a buy rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. lowered Zebra Technologies from an overweight rating to a neutral rating and set a $150.00 price target for the company. in a report on Monday, February 26th. Finally, Robert W. Baird boosted their price target on Zebra Technologies from $146.00 to $168.00 and gave the company an outperform rating in a report on Wednesday, May 9th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Zebra Technologies has an average rating of Buy and an average target price of $147.78.


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Shares of ZBRA opened at $142.21 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.13 and a quick ratio of 0.65. Zebra Technologies has a one year low of $94.78 and a one year high of $161.72. The firm has a market capitalization of $8.05 billion, a P/E ratio of 22.22, a PEG ratio of 3.29 and a beta of 1.51.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, May 8th. The industrial products company reported $2.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.51. Zebra Technologies had a return on equity of 47.70% and a net margin of 3.08%. The company had revenue of $977.00 million during the quarter, compared to analyst estimates of $935.85 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. Zebra Technologies’s revenue was up 12.9% compared to the same quarter last year. equities research analysts predict that Zebra Technologies will post 9.16 EPS for the current fiscal year.


In other news, CEO Anders Gustafsson sold 20,459 shares of the company’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $152.61, for a total value of $3,122,247.99. Following the completion of the transaction, the chief executive officer now owns 311,338 shares of the company’s stock, valued at $47,513,292.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael H. Terzich sold 2,442 shares of the company’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $152.38, for a total value of $372,111.96. Following the completion of the transaction, the senior vice president now directly owns 34,355 shares of the company’s stock, valued at approximately $5,235,014.90. The disclosure for this sale can be found here. Insiders have sold 31,067 shares of company stock valued at $4,735,258 in the last three months. 2.30% of the stock is currently owned by corporate insiders.


Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Select Equity Group L.P. bought a new position in shares of Zebra Technologies in the first quarter worth about $72,553,000. Lord Abbett & CO. LLC bought a new position in shares of Zebra Technologies in the first quarter worth about $36,788,000. Millennium Management LLC boosted its stake in shares of Zebra Technologies by 215.9% in the first quarter. Millennium Management LLC now owns 365,994 shares of the industrial products company’s stock worth $50,943,000 after acquiring an additional 250,125 shares during the period. Legal & General Group Plc boosted its stake in shares of Zebra Technologies by 365.7% in the first quarter. Legal & General Group Plc now owns 254,926 shares of the industrial products company’s stock worth $35,483,000 after acquiring an additional 200,180 shares during the period. Finally, Columbus Circle Investors boosted its stake in shares of Zebra Technologies by 128.1% in the first quarter. Columbus Circle Investors now owns 332,875 shares of the industrial products company’s stock worth $46,333,000 after acquiring an additional 186,926 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.


Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information gleaned from visionary solutions including hardware, software and services gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in todays data-centric world.

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)