Zacks Investment Research Downgrades Zebra Technologies Corporation (ZBRA) to Hold
Zebra Technologies Corporation (NASDAQ:ZBRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems. “
ZBRA has been the subject of a number of other research reports. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Needham & Company LLC restated a “buy” rating and issued a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. Finally, Barrington Research restated an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $104.29.
Shares of Zebra Technologies Corporation (ZBRA) traded up 1.14% during midday trading on Wednesday, hitting $112.14. The stock had a trading volume of 30,047 shares. Zebra Technologies Corporation has a 12 month low of $62.91 and a 12 month high of $112.53. The stock’s market cap is $5.96 billion. The stock’s 50-day moving average is $106.47 and its 200-day moving average is $101.38.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $876.90 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. Zebra Technologies Corporation’s revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies Corporation will post $6.67 EPS for the current year.
In related news, CEO Anders Gustafsson sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the transaction, the chief executive officer now directly owns 295,116 shares in the company, valued at approximately $31,294,100.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Hugh K. Gagnier sold 20,682 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total value of $2,200,978.44. Following the transaction, the senior vice president now owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC acquired a new stake in Zebra Technologies Corporation during the 2nd quarter worth about $136,000. Advisor Group Inc. lifted its position in Zebra Technologies Corporation by 0.8% during the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 13 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Zebra Technologies Corporation by 3.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 71 shares during the period. Cigna Investments Inc. New acquired a new stake in Zebra Technologies Corporation during the 2nd quarter worth about $215,000. Finally, Parallax Volatility Advisers L.P. lifted its position in Zebra Technologies Corporation by 143.1% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,335 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 7,755 shares during the period. 89.98% of the stock is owned by institutional investors.
Zebra Technologies Corporation Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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