Zebra Technologies (NASDAQ:ZBRA) Lowered to Sell at StockNews.com
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
Other equities research analysts have also issued research reports about the stock. Stephens lowered their target price on shares of Zebra Technologies from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $220.00 to $210.00 and set an “underweight” rating for the company in a research note on Friday, October 27th. TD Cowen increased their price objective on shares of Zebra Technologies from $270.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. KeyCorp initiated coverage on shares of Zebra Technologies in a research note on Monday, October 2nd. They issued a “sector weight” rating for the company. Finally, Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $267.00.
Zebra Technologies Stock Down 2.1 %
Shares of ZBRA traded down $5.01 on Tuesday, reaching $234.36. The company’s stock had a trading volume of 243,301 shares, compared to its average volume of 405,829. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 0.70. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $351.74. The stock has a market capitalization of $12.04 billion, a PE ratio of 26.13 and a beta of 1.72. The firm has a fifty day moving average of $218.08 and a 200-day moving average of $254.41.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Zebra Technologies had a net margin of 9.16% and a return on equity of 21.07%. The company had revenue of $956.00 million for the quarter, compared to analyst estimates of $927.30 million. During the same quarter in the prior year, the business posted $3.65 EPS. The firm’s revenue was down 30.6% compared to the same quarter last year. Equities analysts predict that Zebra Technologies will post 8.7 EPS for the current year.
Insider Activity
In related news, CFO Nathan Andrew Winters bought 479 shares of Zebra Technologies stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $209.99 per share, with a total value of $100,585.21. Following the transaction, the chief financial officer now directly owns 10,762 shares of the company’s stock, valued at $2,259,912.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zebra Technologies news, CFO Nathan Andrew Winters acquired 479 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $209.99 per share, with a total value of $100,585.21. Following the acquisition, the chief financial officer now owns 10,762 shares in the company, valued at $2,259,912.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bill Burns purchased 1,219 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $205.00 per share, with a total value of $249,895.00. Following the completion of the acquisition, the chief executive officer now owns 22,006 shares in the company, valued at $4,511,230. The disclosure for this purchase can be found here. Insiders own 1.06% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Zebra Technologies by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,936,255 shares of the industrial products company’s stock valued at $2,455,830,000 after buying an additional 33,572 shares in the last quarter. Providence Capital Advisors LLC raised its position in shares of Zebra Technologies by 24,898.7% during the 1st quarter. Providence Capital Advisors LLC now owns 5,321,730 shares of the industrial products company’s stock valued at $16,735,000 after buying an additional 5,300,442 shares in the last quarter. BlackRock Inc. raised its position in shares of Zebra Technologies by 8.0% during the 1st quarter. BlackRock Inc. now owns 3,812,577 shares of the industrial products company’s stock valued at $1,212,399,000 after buying an additional 280,844 shares in the last quarter. State Street Corp raised its position in shares of Zebra Technologies by 0.5% during the 2nd quarter. State Street Corp now owns 2,076,555 shares of the industrial products company’s stock valued at $614,307,000 after buying an additional 11,351 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Zebra Technologies by 4.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after buying an additional 77,086 shares in the last quarter. 85.44% of the stock is owned by institutional investors.
Zebra Technologies Company Profile (Get Free Report)
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.
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Original: MarketBeat News Feed: Zebra Technologies (NASDAQ:ZBRA) Lowered to Sell at StockNews.com