Zebra Technologies (NASDAQ:ZBRA) Downgraded to "C+" at TheStreet – MarketBeat

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Zebra Technologies (NASDAQ:ZBRA – Get Rating) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Monday, TheStreetRatingsTable reports.
A number of other equities analysts also recently weighed in on the stock. UBS Group lowered their target price on shares of Zebra Technologies to $540.00 in a research note on Friday, June 3rd. JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and cut their target price for the company from $530.00 to $500.00 in a research report on Monday, April 4th. Needham & Company LLC decreased their target price on Zebra Technologies from $535.00 to $500.00 in a research note on Wednesday, May 4th. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Finally, Morgan Stanley raised shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $400.00 to $335.00 in a research report on Monday, May 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $502.50.
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Shares of Zebra Technologies stock opened at $302.21 on Monday. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 19.96 and a beta of 1.61. Zebra Technologies has a twelve month low of $287.93 and a twelve month high of $615.00. The company’s fifty day moving average is $333.84 and its 200 day moving average is $424.86. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.31.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.28. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Zebra Technologies had a return on equity of 31.20% and a net margin of 14.25%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $4.47 earnings per share. As a group, equities analysts anticipate that Zebra Technologies will post 17.85 earnings per share for the current fiscal year.
Zebra Technologies declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 17th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. J.W. Cole Advisors Inc. raised its holdings in shares of Zebra Technologies by 11,631.2% in the 1st quarter. J.W. Cole Advisors Inc. now owns 52,321 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 51,875 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Zebra Technologies by 20.1% in the first quarter. Bank of America Corp DE now owns 232,751 shares of the industrial products company’s stock worth $96,290,000 after purchasing an additional 38,995 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of Zebra Technologies by 856.8% in the first quarter. Verition Fund Management LLC now owns 8,008 shares of the industrial products company’s stock valued at $3,313,000 after purchasing an additional 7,171 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Zebra Technologies during the first quarter valued at approximately $4,959,000. Finally, Kestra Private Wealth Services LLC raised its position in Zebra Technologies by 17.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 559 shares of the industrial products company’s stock valued at $231,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.
Zebra Technologies Company Profile (Get Rating)
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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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)
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