BidaskClub downgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other research firms also recently issued reports on ZBRA. Wellington Shields downgraded shares of Zebra Technologies from a buy rating to a gradually accumulate rating in a report on Friday, September 14th. Imperial Capital boosted their price objective on shares of Zebra Technologies from $180.00 to $190.00 and gave the company an outperform rating in a report on Friday, September 21st. JPMorgan Chase & Co. reissued a buy rating and issued a $180.00 price objective on shares of Zebra Technologies in a report on Friday, September 21st. Northcoast Research set a $200.00 price objective on shares of Zebra Technologies and gave the company a buy rating in a report on Tuesday, August 7th. Finally, Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $175.00 to $178.00 and gave the company a buy rating in a report on Thursday, August 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $166.22.

Shares of ZBRA stock opened at $176.08 on Friday. The stock has a market cap of $9.41 billion, a P/E ratio of 26.92 and a beta of 1.56. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78. Zebra Technologies has a 52 week low of $101.49 and a 52 week high of $179.47.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.25. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.09 million. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. During the same quarter in the previous year, the firm posted $1.51 EPS. research analysts forecast that Zebra Technologies will post 9.69 EPS for the current year.

In other news, CEO Anders Gustafsson sold 24,916 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the sale, the chief executive officer now owns 314,092 shares of the company’s stock, valued at approximately $51,244,109.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Hugh K. Gagnier sold 8,409 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $168.89, for a total transaction of $1,420,196.01. Following the sale, the senior vice president now directly owns 14,682 shares of the company’s stock, valued at approximately $2,479,642.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,538 shares of company stock valued at $9,817,605. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Psagot Investment House Ltd. acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $129,000. Synovus Financial Corp acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $148,000. Moneta Group Investment Advisors LLC acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $158,000. Cerebellum GP LLC acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $172,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $180,000. 86.62% of the stock is owned by institutional investors.

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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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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