Zebra Technologies (NASDAQ:ZBRA) Rating Lowered to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Zebra Technologies (NASDAQ:ZBRA) from an overweight rating to a neutral rating in a report issued on Tuesday morning, Briefing.com Automated Import reports. They currently have $250.00 price target on the industrial products company’s stock.

Several other research analysts have also issued reports on the stock. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $240.00 to $255.00 and gave the stock a buy rating in a research report on Wednesday, October 30th. BidaskClub upgraded shares of Zebra Technologies from a hold rating to a buy rating in a research report on Thursday, October 31st. Atlantic Securities assumed coverage on shares of Zebra Technologies in a research report on Tuesday, August 27th. They issued an overweight rating and a $230.00 price target on the stock. Wellington Shields lowered shares of Zebra Technologies from a gradually accumulate rating to a hold rating in a research report on Thursday, July 18th. Finally, Imperial Capital restated an outperform rating and issued a $265.00 price target (up previously from $245.00) on shares of Zebra Technologies in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Zebra Technologies presently has an average rating of Buy and a consensus target price of $245.63.

ZBRA opened at $241.86 on Tuesday. Zebra Technologies has a twelve month low of $140.95 and a twelve month high of $248.83. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84. The stock has a market cap of $13.06 billion, a PE ratio of 23.64 and a beta of 1.64. The business’s 50 day moving average is $211.74 and its 200-day moving average is $201.93.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.43 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.15. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $2.88 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts forecast that Zebra Technologies will post 12.16 EPS for the current year.

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,664 shares in the company, valued at approximately $914,144. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bill Burns sold 7,228 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $238.00, for a total transaction of $1,720,264.00. Following the transaction, the senior vice president now owns 18,968 shares in the company, valued at $4,514,384. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,240 shares of company stock worth $11,389,244. Corporate insiders own 1.77% of the company’s stock.

Several large investors have recently modified their holdings of the business. Miracle Mile Advisors LLC boosted its stake in shares of Zebra Technologies by 1.1% during the 2nd quarter. Miracle Mile Advisors LLC now owns 4,502 shares of the industrial products company’s stock valued at $943,000 after buying an additional 50 shares during the period. Hall Laurie J Trustee boosted its stake in shares of Zebra Technologies by 15.2% during the 3rd quarter. Hall Laurie J Trustee now owns 380 shares of the industrial products company’s stock valued at $78,000 after buying an additional 50 shares during the period. Boyd Watterson Asset Management LLC OH boosted its stake in shares of Zebra Technologies by 1.3% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 4,375 shares of the industrial products company’s stock valued at $903,000 after buying an additional 55 shares during the period. Cascade Investment Advisors Inc. boosted its stake in shares of Zebra Technologies by 0.8% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 7,370 shares of the industrial products company’s stock valued at $1,521,000 after buying an additional 55 shares during the period. Finally, Shilanski & Associates Inc. boosted its stake in shares of Zebra Technologies by 1.5% during the 3rd quarter. Shilanski & Associates Inc. now owns 3,720 shares of the industrial products company’s stock valued at $768,000 after buying an additional 55 shares during the period. 88.42% of the stock is owned by institutional investors.

About Zebra Technologies

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.

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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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