Zebra Technologies Corp. (ZBRA) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their investors in a research report released on Jun 29, 2016.
Many Wall Street Analysts have commented on Zebra Technologies Corp.. Goldman Initiated Zebra Technologies Corp. on Jun 8, 2016 to “Neutral”, Price Target of the shares are set at $55.Shares were Reiterated by Barrington Research on May 13, 2016 to “Outperform” and Lowered the Price Target to $ 75 from a previous price target of $90 .
On the company’s financial health, Zebra Technologies Corp. reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $1.22. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $878.67 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.39 EPS.
Zebra Technologies Corp. closed down -4.94 points or -9.06% at $49.61 with 25,10,244 shares getting traded on Monday. Post opening the session at $53.4, the shares hit an intraday low of $49.17 and an intraday high of $53.6266 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 23, 2016, Frank Blaise Modruson (director) purchased 1,130 shares at $48.88 per share price. According to the SEC, on Mar 10, 2016, Joachim Heel (SVP, Global Sales) purchased 1,560 shares at $63.74 per share price. On Mar 2, 2016, Richard L Keyser (director) purchased 1,000 shares at $61.89 per share price, according to the Form-4 filing with the securities and exchange commission.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets transactions and people of their organization. It designs manufactures and sells a range of products including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies and utilities frameworks and application software. It operates through two segments: Enterprise which consists of its mobile computing data capture and WLAN products and Legacy Zebra which consists of barcode and card printing location and motion sensing and supplies products. It provides a platform iFactr which offers the migration path for Windows Mobile/CE.NET compact framework applications. In addition it provides solutions in enterprise mobile space including modernizing rugged deployments as well as creating cross-platform applications.