In a report released today, James Faucette from Morgan Stanley maintained a Hold rating on Zebra Tech (ZBRA), with a price target of $205. The company’s shares closed last Monday at $205.16.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 12.7% and a 77.7% success rate. Faucette covers the Technology sector, focusing on stocks such as Automatic Data Processing, Paypal Holdings, and Qualcomm Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zebra Tech with a $238.33 average price target.
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Based on Zebra Tech’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.09 billion and net profit of $124 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $70 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZBRA in relation to earlier this year.
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Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications. It also provides services such as maintenance, technical support, repair, managed and professional services, including cloud-based subscriptions. It operates through the following two segments: Asset Intelligence & Tracking (AIT) and Enterprise Visibility & Mobility (EVM). The AIT segment comprises of barcode and card printing, location solutions, supplies, and services. The EVM segment comprises of mobile computing, data capture, and RFID. The company was founded by Edward L. Kaplan and Gerhard Cless in 1969 and is headquartered in Lincolnshire, IL.
