JPMorgan Upgrades Zebra Technologies (ZBRA) to Overweight

February 14, 2020 4:37 AM EST
Get Alerts ZBRA Hot Sheet
Price: $545.31 -0.6%

Rating Summary:
    11 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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(Updated - February 14, 2020 4:55 AM EST)

(updating comment)

JPMorgan analyst Paul Coster upgraded Zebra Technologies (NASDAQ: ZBRA) from Neutral to Overweight with a price target of $262.00 (from $250.00).

The analyst comments "ZBRA is trading at 16.4x forward P/E and 13.5x EV/EBITDA, which are ~13%/15% premiums to three-year forward trading averages, rich multiples relative to where the stock has previously traded, though justified given the consistent double-digit earnings growth and FCF flexibility. We upgrade to OW as we expect the firm to accelerate share buybacks, pursue accretive complementary M&A deals, and continue to drive double-digit earnings growth on mid-single-digit top-line growth."

For an analyst ratings summary and ratings history on Zebra Technologies click here. For more ratings news on Zebra Technologies click here.

Shares of Zebra Technologies closed at $233.32 yesterday.

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