Zebra Technologies (NASDAQ:ZBRA) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Friday, The Fly reports. The firm currently has a $225.00 price objective on the industrial products company’s stock, up from their prior price objective of $212.00. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.43% from the company’s previous close.

ZBRA has been the subject of a number of other reports. BidaskClub downgraded shares of Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. ValuEngine cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Imperial Capital restated an “outperform” rating and set a $225.00 price objective (up previously from $195.00) on shares of Zebra Technologies in a report on Thursday, February 21st. Finally, Berenberg Bank assumed coverage on shares of Zebra Technologies in a report on Thursday, March 7th. They set a “buy” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Zebra Technologies currently has an average rating of “Buy” and a consensus target price of $215.00.

ZBRA opened at $211.40 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.89 and a debt-to-equity ratio of 1.07. The company has a market cap of $11.39 billion, a P/E ratio of 20.66 and a beta of 1.45. Zebra Technologies has a fifty-two week low of $130.79 and a fifty-two week high of $216.78.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. Zebra Technologies had a net margin of 9.98% and a return on equity of 48.26%. Zebra Technologies’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. On average, equities research analysts anticipate that Zebra Technologies will post 11.73 earnings per share for the current fiscal year.

In related news, SVP Bill Burns sold 2,297 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $212.41, for a total transaction of $487,905.77. Following the completion of the transaction, the senior vice president now owns 33,536 shares in the company, valued at $7,123,381.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anders Gustafsson sold 13,073 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were 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 approximately $74,845,361.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,894 shares of company stock valued at $23,721,363. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ZBRA. FMR LLC boosted its holdings in shares of Zebra Technologies by 246.0% in the fourth quarter. FMR LLC now owns 2,418,244 shares of the industrial products company’s stock valued at $385,057,000 after buying an additional 1,719,358 shares during the period. Norges Bank acquired a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $83,320,000. Congress Asset Management Co. MA acquired a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $74,283,000. Scout Investments Inc. acquired a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $51,773,000. Finally, Vanguard Group Inc boosted its holdings in shares of Zebra Technologies by 5.1% in the third quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after buying an additional 263,478 shares during the period. Institutional investors own 86.68% of the company’s stock.

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.

Featured Story: Why is cost of goods sold important?

The Fly

Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.