Zebra Technologies Corp. (ZBRA) is Reiterated by Imperial Capital to Outperform, Raises Price Target to $ 75

Zebra Technologies Corp. (ZBRA) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 75 from a previous price target of $65 . Imperial Capital advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Zebra Technologies Corp.. Zebra Technologies Corp. was Upgraded by Wellington Shields to ” Gradually Accumulate” on Aug 9, 2016. Zebra Technologies Corp. was Initiated by CLSA to “Buy” on Aug 3, 2016.

On the company’s financial health, Zebra Technologies Corp. reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $1.05. The company had revenue of $879.00 million for the quarter, compared to analysts expectations of $869.18 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Zebra Technologies Corp. closed down -0.34 points or -0.49% at $68.72 with 2,87,344 shares getting traded on Friday. Post opening the session at $68.9, the shares hit an intraday low of $67.87 and an intraday high of $69.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 22, 2016, Michael Cho (SVP, Corporate Development) sold 1,850 shares at $68.56 per share price. According to the SEC, on Sep 9, 2016, Jim L Kaput (SVP, General Counsel & Secy) purchased 3,457 shares at $68.22 per share price. On Aug 17, 2016, Michael H Terzich (SVP, Chief Administration Ofcr) sold 8,819 shares at $68.07 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.

Zebra Technologies Corp.

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