Zebra Technologies (NASDAQ:ZBRA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

A number of other equities analysts have also commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective (up previously from $215.00) on shares of Zebra Technologies in a research note on Thursday, March 7th. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Imperial Capital reissued an “outperform” rating and issued a $225.00 price objective (up previously from $195.00) on shares of Zebra Technologies in a research note on Thursday, February 21st. JPMorgan Chase & Co. raised Zebra Technologies to an “overweight” rating and boosted their price objective for the stock from $212.00 to $225.00 in a research note on Friday, March 15th. Finally, BidaskClub raised Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $215.00.

Zebra Technologies stock opened at $232.68 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 22.74 and a beta of 1.45. Zebra Technologies has a 52 week low of $130.79 and a 52 week high of $235.98.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 14th. The industrial products company reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Research analysts anticipate that Zebra Technologies will post 11.73 earnings per share for the current year.

In other news, CEO Anders Gustafsson sold 13,073 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $200.71, for a total transaction of $2,623,881.83. Following the transaction, the chief executive officer now owns 372,903 shares of the company’s stock, valued at $74,845,361.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Smith sold 13,310 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $201.91, for a total value of $2,687,422.10. Following the transaction, the director now directly owns 60,929 shares in the company, valued at approximately $12,302,174.39. The disclosure for this sale can be found here. Insiders have sold 114,894 shares of company stock worth $23,721,363 in the last ninety days. 2.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY lifted its stake in shares of Zebra Technologies by 0.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock valued at $2,889,000 after acquiring an additional 54 shares during the period. Norges Bank acquired a new position in shares of Zebra Technologies during the fourth quarter valued at $83,320,000. Public Employees Retirement System of Ohio lifted its stake in shares of Zebra Technologies by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 313,960 shares of the industrial products company’s stock valued at $49,992,000 after acquiring an additional 8,487 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Zebra Technologies during the fourth quarter valued at $812,000. Finally, LPL Financial LLC lifted its stake in shares of Zebra Technologies by 23.3% during the third quarter. LPL Financial LLC now owns 3,533 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 668 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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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