Soleil Securities Upgrades Zebra Technologies (ZBRA) to Gradually Accumulate; Valuation Call
More News related to ZBRA
- Sisvel and RFID Consortium Launch Patent Licensing Program to Promote Broader Adoption of UHF RFID
- Zebra Technologies Selects InQuira to Enhance Partner Experience
- RFID Consortium Expands to Eight Industry Leaders With the Addition of ETRI
- Zebra Technologies and Socket Mobile Collaborate to Provide Mobile Printing Solutions for Handheld Computers in Hospitality Industry
- Zebra Technologies Announces the RXi4 RFID Printer/Encoder for Advanced Item-Level Tagging from the Supply Chain to the Retail Floor
More News related to Upgrades
- Janco Partners Strongly Believes in Underlying Asset Value of Take-Two (TTWO); Building Platform Continuum for Future Sales Growth
- Wells Fargo Upgrades K-SEA Transportation Partners (KSP); Positive on Equity Investment And Credit Facility Amendments
- Gabelli & Co Upgrades Layne Christensen (LAYN) to 'Buy'
- Wedbush Upgrades Digital River (DRIV) to Outperform
- Stifel Nicolaus Upgrades K-SEA Transportation Partners (KSP) to Hold
Soleil Securities upgrades Zebra Technologies (Nasdaq: ZBRA) from Hold to Gradually Accumulate. Price target increased from $23 to $33.
Soleil analyst says, "Valuation is allowing us to raise the rating to Gradually Accumulate, while improving order trends, mfg outsourcing, new products and market share gains are enabling us to increase our 2010 EPS estimate to $1.51 (vs $1.26 previously); Our early earnings estimate for 2011 is $1.72 per share, a new record...With the shares, adjusted for the $4.20 per share in cash, now trading for only 15.5 times forward estimated earnings of $1.51 per share or 119% of their 13% projected 3-to-5-year EPS growth rate, we are upgrading the shares. Our 12-month price target is now $33 per share and is based on the shares, adjusted for the cash, reaching 19-20 times our 12 month forward earnings estimate. Additional impetus for the rating upgrade is our belief quarterly comparisons will look very good versus depressed prior year figures."
To see all the upgrades/downgrades on shares of ZBRA, visit our Analyst Ratings page.
Zebra Technologies Corporation (Zebra), designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance.
Create E-mail AlertRelated Categories
UpgradesStocks Mentioned
+0.38Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
