Zebra Technologies Co. (NASDAQ:ZBRA) Receives $323.36 Consensus Target Price from Analysts

Zebra Technologies Co. (NASDAQ:ZBRA) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $323.36.

Several research analysts have recently issued reports on ZBRA shares. TD Cowen raised their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. UBS Group increased their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Finally, Needham & Company LLC lifted their price target on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th.

Insider Activity

In related news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Zebra Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. increased its position in shares of Zebra Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock valued at $1,662,491,000 after acquiring an additional 22,327 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Boston Partners increased its position in shares of Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after purchasing an additional 98,045 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after buying an additional 840,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Zebra Technologies by 13.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock valued at $173,990,000 after buying an additional 77,885 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 1.6 %

ZBRA stock opened at $326.57 on Thursday. The business has a fifty day moving average of $313.84 and a 200-day moving average of $290.69. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.79 billion, a P/E ratio of 64.80 and a beta of 1.66. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $3.59 EPS. Zebra Technologies’s revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts expect that Zebra Technologies will post 10.76 EPS for the current year.

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.