Zacks Investment Research upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a research report sent to investors on Saturday morning. Zacks Investment Research currently has $128.00 price target on the industrial products company’s stock.

According to Zacks, “Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, real-time locating solutions etc. worldwide. Its products are primarily used in automatic identification, data collection, and personal identification applications. The company also provides mobile computing and advanced data capture technologies and services, which include rugged and enterprise-grade mobile computers; laser, imaging, and radio frequency identification based data capture products; wireless LAN solutions and software; and applications that are associated with these products and services. In addition, it offers barcode scanners; specialty printers for barcode labeling and personal identification; real-time location systems; and related accessories and supplies, such as self-adhesive labels and other consumables, utilities, and application software. “

ZBRA has been the topic of several other research reports. BidaskClub lowered shares of Zebra Technologies from a hold rating to a sell rating in a research report on Friday, December 15th. Northcoast Research upgraded shares of Zebra Technologies from a neutral rating to a buy rating in a research report on Tuesday, October 31st. ValuEngine lowered shares of Zebra Technologies from a buy rating to a hold rating in a research report on Wednesday, January 10th. Robert W. Baird reiterated a buy rating and set a $125.00 price target on shares of Zebra Technologies in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Zebra Technologies to $132.00 and gave the stock an overweight rating in a research report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Zebra Technologies currently has an average rating of Buy and a consensus price target of $114.63.

Zebra Technologies (NASDAQ:ZBRA) traded up $0.23 during midday trading on Friday, hitting $123.38. 402,000 shares of the company traded hands, compared to its average volume of 359,360. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. The firm has a market cap of $6,570.00, a price-to-earnings ratio of 216.46, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. Zebra Technologies has a twelve month low of $81.02 and a twelve month high of $124.62.

Zebra Technologies (NASDAQ:ZBRA) last posted 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. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. equities research analysts predict that Zebra Technologies will post 6.37 earnings per share for the current year.

In other Zebra Technologies news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $103.88 per share, with a total value of $159,975.20. Following the completion of the purchase, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael Cho sold 1,000 shares of the firm’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 transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Zebra Technologies by 1.4% during 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 acquiring an additional 18,299 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 13 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Zebra Technologies by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 77,463 shares of the industrial products company’s stock valued at $7,786,000 after acquiring an additional 1,095 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Zebra Technologies by 3.8% during the third quarter. Ameriprise Financial Inc. now owns 168,618 shares of the industrial products company’s stock valued at $18,308,000 after acquiring an additional 6,143 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Zebra Technologies by 44.6% during the third quarter. JPMorgan Chase & Co. now owns 123,592 shares of the industrial products company’s stock valued at $13,476,000 after acquiring an additional 38,129 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other 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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