Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $700.00

Zebra Technologies (NASDAQ:ZBRA) had its target price raised by Stephens from $600.00 to $700.00 in a report released on Monday morning, The Fly reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other equities analysts have also commented on the company. Needham & Company LLC raised their price objective on Zebra Technologies from $580.00 to $600.00 and gave the stock a buy rating in a research note on Wednesday, August 4th. Robert W. Baird raised their price objective on Zebra Technologies from $490.00 to $560.00 and gave the company an outperform rating in a report on Wednesday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has an average rating of Buy and an average target price of $528.57.

ZBRA opened at $579.90 on Monday. The stock has a market capitalization of $30.97 billion, a P/E ratio of 40.98 and a beta of 1.62. The firm’s fifty day simple moving average is $559.93 and its 200 day simple moving average is $516.97. Zebra Technologies has a 12 month low of $246.83 and a 12 month high of $594.77. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 3rd. The industrial products company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.45. Zebra Technologies had a net margin of 14.76% and a return on equity of 37.60%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $2.41 earnings per share. The firm’s revenue was up 44.4% on a year-over-year basis. On average, equities research analysts predict that Zebra Technologies will post 16.1 EPS for the current fiscal year.

In related news, CEO Anders Gustafsson sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $590.04, for a total transaction of $3,835,260.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Nathan Andrew Winters sold 673 shares of the company’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $562.00, for a total transaction of $378,226.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,081 shares of company stock worth $5,886,896. Corporate insiders own 1.11% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Credit Agricole S A bought a new position in shares of Zebra Technologies during the 1st quarter valued at about $29,000. West Branch Capital LLC bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $30,000. Arkadios Wealth Advisors boosted its holdings in Zebra Technologies by 67.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 67 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 27 shares during the period. Berman Capital Advisors LLC grew its position in Zebra Technologies by 42.6% during the 1st quarter. Berman Capital Advisors LLC now owns 77 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 23 shares during the last quarter. Finally, Sandy Spring Bank increased its stake in Zebra Technologies by 153.6% in the 2nd quarter. Sandy Spring Bank now owns 71 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 43 shares during the period. 84.58% of the stock is currently owned by institutional investors and hedge funds.

About Zebra Technologies

Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

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