Zebra Technologies (NASDAQ:ZBRA) Given “Outperform” Rating at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Zebra Technologies (NASDAQ:ZBRA) in a research report report published on Wednesday morning, The Fly reports. Robert W. Baird currently has a $235.00 target price on the industrial products company’s stock, down from their prior target price of $245.00.

ZBRA has been the subject of several other reports. ValuEngine lowered shares of Zebra Technologies from a hold rating to a sell rating in a report on Wednesday, October 2nd. Imperial Capital restated an outperform rating and issued a $245.00 price objective (up from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Zebra Technologies from a hold rating to a sell rating in a report on Saturday, July 20th. Wellington Shields lowered shares of Zebra Technologies from a gradually accumulate rating to a hold rating in a report on Thursday, July 18th. Finally, BidaskClub lowered shares of Zebra Technologies from a buy rating to a hold rating in a report on Saturday, August 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $227.00.

ZBRA stock opened at $193.25 on Wednesday. The firm has a 50 day moving average price of $202.67 and a 200-day moving average price of $202.17. Zebra Technologies has a 52-week low of $140.95 and a 52-week high of $237.15. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 18.89 and a beta of 1.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99.



Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.32. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $2.48 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Zebra Technologies will post 12.1 earnings per share for the current fiscal year.

In other news, CEO Anders Gustafsson sold 19,650 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $211.36, for a total transaction of $4,153,224.00. Following the completion of the sale, the chief executive officer now owns 283,533 shares of the company’s stock, valued at approximately $59,927,534.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Colleen M. O’sullivan sold 1,549 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total transaction of $303,604.00. Following the sale, the chief accounting officer now directly owns 4,664 shares of the company’s stock, valued at approximately $914,144. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,177 shares of company stock valued at $4,865,483. 1.77% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in ZBRA. BlackRock Inc. grew its position in Zebra Technologies by 7.6% during the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock worth $1,104,785,000 after acquiring an additional 372,156 shares during the last quarter. FMR LLC grew its position in shares of Zebra Technologies by 34.3% in the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after buying an additional 829,462 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Zebra Technologies by 11.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,249,258 shares of the industrial products company’s stock valued at $259,382,000 after buying an additional 130,209 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Zebra Technologies by 0.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 750,278 shares of the industrial products company’s stock valued at $157,176,000 after buying an additional 5,669 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Zebra Technologies by 81.9% in the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock valued at $151,413,000 after buying an additional 325,532 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Company Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

Further Reading: Technical Analysis of Stocks, How Can It Help

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.