The Zebra Technologies Corp. (ZBRA) Price Target Increased to $75.00 by Analysts at Imperial Capital

The Zebra Technologies Corp. (ZBRA) Price Target Increased to $75.00 by Analysts at Imperial Capital

Zebra Technologies Corp. (NASDAQ:ZBRA) had its price objective boosted by Imperial Capital from $65.00 to $75.00 in a research note issued to investors on Monday. Imperial Capital currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on ZBRA. Vetr cut Zebra Technologies Corp. from a strong-buy rating to a buy rating and set a $63.50 price target on the stock. in a research report on Monday, June 20th. Northcoast Research cut Zebra Technologies Corp. from a buy rating to a neutral rating in a research report on Wednesday, June 29th. Zacks Investment Research upgraded Zebra Technologies Corp. from a strong sell rating to a hold rating in a research report on Wednesday, July 13th. Credit Agricole SA initiated coverage on Zebra Technologies Corp. in a research report on Wednesday, August 3rd. They set a buy rating and a $74.00 price target on the stock. Finally, Wellington Shields upgraded Zebra Technologies Corp. from a hold rating to a gradually accumulate rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $76.17.

Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 64.88 on Monday. The firm’s market capitalization is $3.42 billion. Zebra Technologies Corp. has a 52-week low of $46.13 and a 52-week high of $83.02. The company’s 50-day moving average is $68.69 and its 200 day moving average is $60.58.

Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.28. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. The firm had revenue of $879 million for the quarter, compared to analysts’ expectations of $869.19 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Analysts expect that Zebra Technologies Corp. will post $5.46 EPS for the current fiscal year.

In other news, SVP Michael H. Terzich sold 8,819 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $68.07, for a total transaction of $600,309.33. Following the completion of the transaction, the senior vice president now directly owns 40,834 shares in the company, valued at $2,779,570.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Cho sold 1,850 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total value of $126,836.00. Following the transaction, the senior vice president now owns 11,004 shares of the company’s stock, valued at $754,434.24. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Brookside Capital Management LLC increased its position in shares of Zebra Technologies Corp. by 13.4% in the first quarter. Brookside Capital Management LLC now owns 1,758,765 shares of the company’s stock valued at $121,355,000 after buying an additional 207,896 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Zebra Technologies Corp. by 156.9% in the first quarter. Wellington Management Group LLP now owns 572,754 shares of the company’s stock valued at $39,520,000 after buying an additional 349,844 shares during the last quarter. State Street Corp increased its position in shares of Zebra Technologies Corp. by 1.7% in the first quarter. State Street Corp now owns 1,383,141 shares of the company’s stock valued at $95,444,000 after buying an additional 23,570 shares during the last quarter. Cortland Associates Inc. MO increased its position in shares of Zebra Technologies Corp. by 0.5% in the second quarter. Cortland Associates Inc. MO now owns 283,028 shares of the company’s stock valued at $14,180,000 after buying an additional 1,509 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Zebra Technologies Corp. by 17.6% in the second quarter. GW&K Investment Management LLC now owns 258,430 shares of the company’s stock valued at $12,947,000 after buying an additional 38,693 shares during the last quarter.

About Zebra Technologies Corp.

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