Zebra Technologies (NASDAQ:ZBRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday. They presently have a $138.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.30% from the company’s current price.

According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “

Other equities analysts have also issued reports about the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 price target on shares of Zebra Technologies in a report on Friday, November 10th. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday. Finally, BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $115.88.

Zebra Technologies (ZBRA) traded down $0.77 during midday trading on Friday, reaching $120.73. 286,270 shares of the company’s stock traded hands, compared to its average volume of 304,977. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. Zebra Technologies has a fifty-two week low of $82.43 and a fifty-two week high of $126.49. The stock has a market capitalization of $6,380.00, a price-to-earnings ratio of 211.81, a P/E/G ratio of 2.18 and a beta of 1.67.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same period in the previous year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts forecast that Zebra Technologies will post 6.37 EPS for the current year.

In other Zebra Technologies news, Director Frank Blaise Modruson purchased 1,540 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $103.88 per share, with a total value of $159,975.20. Following the completion of the acquisition, the director now owns 12,556 shares in the company, valued at $1,304,317.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the sale, the senior vice president now directly owns 10,426 shares in the company, valued at $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Zebra Technologies by 22.0% in the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock valued at $196,784,000 after purchasing an additional 326,583 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Zebra Technologies in the second quarter valued at $157,116,000. State Street Corp boosted its holdings in Zebra Technologies by 1.4% in the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock valued at $137,588,000 after purchasing an additional 18,299 shares during the last quarter. Makaira Partners LLC boosted its holdings in Zebra Technologies by 4.8% in the second quarter. Makaira Partners LLC now owns 1,210,886 shares of the industrial products company’s stock valued at $121,718,000 after purchasing an additional 55,554 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Zebra Technologies by 107.7% in the third quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after purchasing an additional 411,035 shares during the last quarter. 89.69% of the stock is currently owned by institutional investors.

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About Zebra Technologies

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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