Zacks Investment Research cut shares of Zebra Technologies (NASDAQ:ZBRA) from a buy rating to a hold rating in a research note published on Saturday morning. The brokerage currently has $130.00 price target on the industrial products company’s stock.

According to Zacks, “Zebra builds tracking technology and solutions that generate actionable information and insight, giving companies unprecedented visibility into their businesses by giving physical things a digital voice. Zebra’s extensive portfolio of solutions give real-time visibility into everything from products and physical assets to people, providing very precise operational data not only about where things are, but what condition they are in. This allows business leaders to use data to make better, more informed decisions, respond in real-time and ultimately, help businesses understand how they work, and how they could work better. “

Other equities research analysts have also issued reports about the stock. Robert W. Baird reaffirmed a buy rating and issued a $125.00 price objective on shares of Zebra Technologies in a research note on Friday, November 10th. Wellington Shields raised shares of Zebra Technologies from a hold rating to a buy rating in a research note on Wednesday, November 8th. Northcoast Research raised shares of Zebra Technologies from a neutral rating to a buy rating in a research note on Tuesday, October 31st. ValuEngine raised shares of Zebra Technologies from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a research note on Saturday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $114.88.

Shares of Zebra Technologies (NASDAQ:ZBRA) opened at $116.71 on Friday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. Zebra Technologies has a 12 month low of $84.32 and a 12 month high of $126.49. The company has a market cap of $6,210.00, a price-to-earnings ratio of 204.75, a PEG ratio of 2.06 and a beta of 1.67.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same period in the prior year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. sell-side analysts anticipate that Zebra Technologies will post 6.37 earnings per share for the current year.

In related news, SVP Michael Cho sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Zebra Technologies by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock worth $626,000 after buying an additional 179 shares during the last quarter. Advisor Group Inc. raised its holdings in Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after buying an additional 13 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Zebra Technologies by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 459,263 shares of the industrial products company’s stock worth $46,165,000 after buying an additional 38,791 shares during the last quarter. Voya Investment Management LLC raised its holdings in Zebra Technologies by 1.4% during the second quarter. Voya Investment Management LLC now owns 20,159 shares of the industrial products company’s stock worth $2,026,000 after buying an additional 281 shares during the last quarter. Finally, State Street Corp raised its holdings in Zebra Technologies by 1.4% during the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after buying an additional 18,299 shares during the last quarter. Institutional investors own 89.51% of the company’s stock.

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About Zebra Technologies

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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