Shares of Zebra Technologies Co. (NASDAQ: ZBRA) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages currently covering the stock, Bloomberg.com reports. In addition, two research analysts have rated the stock with a hold recommendation, and five have issued a buy recommendation on the company. The average 1-year price target among brokers that issued ratings on the stock last year is $453.33. Several research analysts recently commented on the company. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $400.00 to $335.00 in a research report on Monday, May 23rd.
TheStreet cut Zebra Technologies from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Needham & Company LLC decreased their target price on Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Stephens decreased their target price on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Finally, UBS Group decreased their target price on Zebra Technologies from $510.00 to $495.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th.
Shares of NASDAQ ZBRA opened at $307.84 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.56, and a current ratio of 0.85. Zebra Technologies has a 52-week low of $283.72 and a 52-week high of $615.00. The stock has a market capitalization of $15.94 billion, a P/E ratio of 23.79, and a beta of 1.68. The stock’s fifty-day moving average is $317.77, and its 200-day moving average is $349.04. Zebra Technologies declared that its board had approved a share buyback program on Tuesday, May 17th, that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs indicate that the company’s board of directors believes its shares are undervalued.
Zebra Technologies (NASDAQ: ZBRA) issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 EPS for the quarter, topping analysts consensus estimates of $3.93 by $0.68. Zebra Technologies had a return on equity of 31.30% and a net margin of 8.56%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same last quarter, the business earned $4.17 per share. Zebra Technologies’ revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Zebra Technologies will post 16.89 earnings per share for the current fiscal year.
In related news, insider Stephen Edgar Williams sold 2,331 Zebra Technologies stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $328.50, for a total value of $765,733.50. Following the transaction, the insider now owns 1,976 shares of the company’s stock, valued at $649,116. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.11% of the stock. Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Zebra Technologies by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,936,255 of the industrial products company’s stock worth $2,455,830,000 after purchasing an additional 33,572 shares in the last quarter. BlackRock Inc. increased its holdings in Zebra Technologies by 7.3% in the first quarter.
BlackRock Inc. now owns 5,689,615 shares of the industrial products company’s stock worth $2,353,794,000 after purchasing an additional 387,318 shares in the last quarter. State Street Corp increased its holdings in Zebra Technologies by 2.5% in the fourth quarter. State Street Corp now owns 2,183,570 shares of the industrial products company’s stock worth $1,299,661,000 after purchasing an additional 53,557 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Zebra Technologies by 8.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,495,092 shares of the industrial products company’s stock worth $439,482,000 after purchasing an additional 116,907 shares in the last quarter.
Finally, JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 3.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,139,688 shares of the industrial products company’s stock, valued at $678,342,000 after acquiring an additional 39,547 shares in the last quarter. Institutional investors currently own 85.65% of the stock.