Analysts Set Zebra Technologies Co. (NASDAQ:ZBRA) PT at $323.36

Shares of Zebra Technologies Co. (NASDAQ:ZBRA) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $323.36.

ZBRA has been the subject of a number of recent analyst reports. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $258.00 to $305.00 in a report on Thursday, June 13th. UBS Group increased their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Stephens boosted their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Truist Financial restated a “hold” rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st.

Zebra Technologies Trading Down 0.0 %

Shares of Zebra Technologies stock opened at $306.99 on Friday. The stock has a market capitalization of $15.79 billion, a P/E ratio of 60.91 and a beta of 1.70. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $328.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. The stock’s 50-day simple moving average is $307.89 and its 200 day simple moving average is $283.77.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. Zebra Technologies’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.59 EPS. As a group, research analysts anticipate that Zebra Technologies will post 10.76 EPS for the current year.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the transaction, the insider now owns 3,809 shares in the company, valued at $1,220,822.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Zebra Technologies

A number of large investors have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its holdings in Zebra Technologies by 210.3% in the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies during the 1st quarter valued at about $36,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Zebra Technologies during the fourth quarter valued at about $44,000. Wellington Shields & Co. LLC bought a new position in Zebra Technologies in the first quarter worth about $45,000. Finally, Cambridge Trust Co. lifted its holdings in Zebra Technologies by 216.0% in the first quarter. Cambridge Trust Co. now owns 158 shares of the industrial products company’s stock worth $48,000 after buying an additional 108 shares during the period. 91.03% of the stock is currently owned by institutional investors.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.