Zebra Technologies (ZBRA) Upgraded to Overweight by JPMorgan Chase & Co.
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.
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.
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