BidaskClub upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Several other brokerages have also recently commented on ZBRA. Zacks Investment Research cut shares of Zebra Technologies from a strong-buy rating to a hold rating in a research report on Friday, April 19th. ValuEngine cut shares of Zebra Technologies from a buy rating to a hold rating in a research report on Monday, May 13th. Needham & Company LLC reissued a buy rating and issued a $215.00 price target (up previously 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. Imperial Capital reissued an outperform rating and issued a $230.00 price target (up previously from $225.00) on shares of Zebra Technologies in a research report on Thursday, May 2nd. Finally, Berenberg Bank initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 7th. They issued a buy rating and a $250.00 price target for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $211.63.

Shares of ZBRA stock opened at $192.07 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 0.55. Zebra Technologies has a 52 week low of $136.16 and a 52 week high of $237.15. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 18.78 and a beta of 1.53.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.88 by $0.04. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted $2.56 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Zebra Technologies will post 11.82 EPS for the current fiscal year.

In other news, SVP Bill Burns sold 2,297 shares of Zebra Technologies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $212.41, for a total transaction of $487,905.77. Following the completion of the sale, the senior vice president now directly owns 33,536 shares of the company’s stock, valued at approximately $7,123,381.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jeffrey F. Schmitz sold 1,382 shares of Zebra Technologies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $212.95, for a total transaction of $294,296.90. Following the sale, the chief marketing officer now directly owns 10,748 shares of the company’s stock, valued at $2,288,786.60. The disclosure for this sale can be found here. 1.77% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in shares of Zebra Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock worth $955,760,000 after purchasing an additional 263,478 shares during the last quarter. BlackRock Inc. lifted its position in shares of Zebra Technologies by 1.0% during the 1st quarter. BlackRock Inc. now owns 4,901,533 shares of the industrial products company’s stock worth $1,027,018,000 after purchasing an additional 50,197 shares during the last quarter. FMR LLC lifted its position in shares of Zebra Technologies by 34.3% during the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock worth $680,491,000 after purchasing an additional 829,462 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Zebra Technologies by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,307,834 shares of the industrial products company’s stock worth $208,246,000 after purchasing an additional 45,303 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies by 14.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,119,049 shares of the industrial products company’s stock worth $234,475,000 after purchasing an additional 138,669 shares during the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.

About Zebra Technologies

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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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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