Zebra Technologies (NASDAQ:ZBRA) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a report released on Friday, The Fly reports. The brokerage currently has a $225.00 target price on the industrial products company’s stock, up from their previous target price of $212.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.43% from the stock’s current price.

Several other research firms have also issued reports on ZBRA. Zacks Investment Research upgraded shares of Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Saturday, November 17th. BidaskClub upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 17th. Wellington Shields lowered shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Monday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $215.00 price target (up from $192.00) on shares of Zebra Technologies in a research report on Friday, February 15th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Zebra Technologies presently has a consensus rating of “Buy” and a consensus target price of $215.00.

NASDAQ ZBRA opened at $211.40 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 20.66 and a beta of 1.45. Zebra Technologies has a 52-week low of $130.79 and a 52-week high of $216.78.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. Zebra Technologies had a net margin of 9.98% and a return on equity of 48.26%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. Research analysts forecast that Zebra Technologies will post 11.73 EPS for the current fiscal year.

In other news, CEO Anders Gustafsson sold 13,073 shares of Zebra Technologies stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $200.71, for a total transaction of $2,623,881.83. Following the sale, the chief executive officer now directly owns 372,903 shares in the company, valued at approximately $74,845,361.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael H. Terzich sold 1,076 shares of Zebra Technologies stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $207.91, for a total transaction of $223,711.16. Following the sale, the senior vice president now owns 41,345 shares in the company, valued at $8,596,038.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,894 shares of company stock worth $23,721,363. 2.30% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at about $812,000. LPL Financial LLC boosted its position in shares of Zebra Technologies by 23.3% during the 3rd quarter. LPL Financial LLC now owns 3,533 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 668 shares in the last quarter. Robecosam AG boosted its position in shares of Zebra Technologies by 7.9% during the 4th quarter. Robecosam AG now owns 11,022 shares of the industrial products company’s stock valued at $1,719,000 after acquiring an additional 806 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Zebra Technologies by 31.5% during the 3rd quarter. Nordea Investment Management AB now owns 28,990 shares of the industrial products company’s stock valued at $5,125,000 after acquiring an additional 6,947 shares in the last quarter. Finally, MAI Capital Management acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at about $582,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

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 today’s data-centric world.

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The Fly

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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