Needham & Company LLC Raises Zebra Technologies (NASDAQ:ZBRA) Price Target to $302.00

Zebra Technologies (NASDAQ:ZBRA) had its price objective increased by Needham & Company LLC from $295.00 to $302.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the industrial products company’s stock.

Several other research analysts also recently issued reports on ZBRA. Northcoast Research downgraded Zebra Technologies from a buy rating to a neutral rating and set a $240.00 price objective for the company. in a research report on Thursday, April 30th. Imperial Capital cut their price objective on Zebra Technologies from $265.00 to $250.00 and set an outperform rating for the company in a research report on Monday, May 4th. Zacks Investment Research downgraded Zebra Technologies from a hold rating to a sell rating in a research report on Sunday, May 10th. BidaskClub upgraded Zebra Technologies from a hold rating to a buy rating in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. downgraded Zebra Technologies from an overweight rating to a neutral rating and lifted their price objective for the stock from $245.00 to $250.00 in a research report on Thursday, April 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $248.86.

Shares of NASDAQ:ZBRA opened at $280.75 on Wednesday. The business’s 50 day simple moving average is $262.28 and its 200-day simple moving average is $234.08. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 30.89 and a beta of 1.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.49. Zebra Technologies has a 12 month low of $150.06 and a 12 month high of $287.83.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.13. Zebra Technologies had a return on equity of 34.83% and a net margin of 11.41%. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $939.97 million. During the same period in the previous year, the firm posted $3.02 EPS. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, equities analysts anticipate that Zebra Technologies will post 9.59 earnings per share for the current year.

In other news, Director Richard L. Keyser sold 3,502 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $272.57, for a total transaction of $954,540.14. Following the completion of the sale, the director now directly owns 13,756 shares in the company, valued at approximately $3,749,472.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael H. Terzich sold 5,229 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $254.92, for a total value of $1,332,976.68. Following the sale, the senior vice president now owns 27,495 shares of the company’s stock, valued at $7,009,025.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,588 shares of company stock valued at $6,617,390. Insiders own 2.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. purchased a new stake in Zebra Technologies during the 2nd quarter worth $25,000. Point72 Hong Kong Ltd purchased a new position in Zebra Technologies in the 4th quarter valued at about $31,000. Valeo Financial Advisors LLC boosted its position in Zebra Technologies by 1,266.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 123 shares of the industrial products company’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. Signaturefd LLC boosted its position in Zebra Technologies by 48.3% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the industrial products company’s stock valued at $33,000 after buying an additional 42 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Zebra Technologies by 169.2% in the 1st quarter. Parallel Advisors LLC now owns 140 shares of the industrial products company’s stock valued at $25,000 after buying an additional 88 shares during the last quarter. 87.52% of the stock is owned by hedge funds and other 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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