BidaskClub upgraded shares of Zebra Technologies (NASDAQ:ZBRA) from a hold rating to a buy rating in a report published on Friday.

Several other equities analysts also recently commented on the company. Needham & Company LLC boosted their price objective on Zebra Technologies from $175.00 to $178.00 and gave the company a buy rating in a research report on Thursday, August 16th. Northcoast Research set a $200.00 price objective on Zebra Technologies and gave the company a buy rating in a research report on Tuesday, August 7th. Imperial Capital boosted their price objective on Zebra Technologies from $120.00 to $180.00 and gave the company an outperform rating in a research report on Friday, August 10th. Morgan Stanley boosted their price objective on Zebra Technologies from $135.00 to $160.00 and gave the company an equal weight rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. set a $170.00 price objective on Zebra Technologies and gave the company a buy rating in a research report on Monday, August 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $164.00.

NASDAQ:ZBRA opened at $175.65 on Friday. Zebra Technologies has a 52-week low of $101.49 and a 52-week high of $179.47. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.09 and a quick ratio of 0.64. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 27.60 and a beta of 1.57.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.25. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $990.09 million. During the same quarter in the previous year, the company posted $1.51 earnings per share. equities research analysts predict that Zebra Technologies will post 9.69 EPS for the current year.

In related news, CEO Anders Gustafsson sold 24,916 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $163.15, for a total value of $4,065,045.40. Following the sale, the chief executive officer now directly owns 314,092 shares in the company, valued at $51,244,109.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joachim Heel sold 3,000 shares of the business’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $148.30, for a total value of $444,900.00. Following the completion of the sale, the senior vice president now owns 28,912 shares in the company, valued at $4,287,649.60. The disclosure for this sale can be found here. Insiders sold 62,538 shares of company stock worth $10,262,505 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC lifted its position in shares of Zebra Technologies by 1.0% in the second quarter. MetLife Investment Advisors LLC now owns 33,561 shares of the industrial products company’s stock worth $4,808,000 after buying an additional 330 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Zebra Technologies by 2.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 18,120 shares of the industrial products company’s stock worth $2,596,000 after buying an additional 386 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Zebra Technologies by 1.8% in the second quarter. Bank of Montreal Can now owns 21,945 shares of the industrial products company’s stock worth $3,144,000 after buying an additional 396 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Zebra Technologies by 13.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,327 shares of the industrial products company’s stock worth $463,000 after buying an additional 398 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Zebra Technologies by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the industrial products company’s stock worth $2,063,000 after buying an additional 400 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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